WESTAMERICA BANCORPORATION 401(k): Vanguard, match 6% max
Westamerica Bancorporation Tax Deferred Savings/Retirement Plan (ESOP) · WABC · CIK 311094
Vanguard is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Maximum employer match, as a share of pay
6%
WESTAMERICA BANCORPORATION matches 100% (dollar-for-dollar) of the first 6% of pay.
From the Form 11-K filed June 26, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What WESTAMERICA BANCORPORATION puts in, and what the plan costs
What WESTAMERICA BANCORPORATION put into the plan, per active participant
$1,686
WESTAMERICA BANCORPORATION put $1,686 into this plan for each of its 596 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
WESTAMERICA BANCORPORATION put in less per active participant than 85% of plans with 500–999 participants at banks and lenders. The middle plan in that group of 309 reported $3,434. Banks and lenders comes from business code 522110, which WESTAMERICA BANCORPORATION entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much WESTAMERICA BANCORPORATION pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 942156203, plan 002 · DOL EFAST2 ↗
The $1,686 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. WESTAMERICA BANCORPORATION also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $2,970 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What WESTAMERICA BANCORPORATION puts in
$2,970
a year, at a $49,500 salary.
The match paragraph, word for word
“The Company makes a matching contribution equal to 100 percent of the participant's elective contribution, up to a maximum of 6 percent of the participant's compensation.”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants are immediately vested in their salary-deferral contributions and the Company's matching contributions, plus actual earnings and losses thereon.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
15th percentile
$29.13 per participant in plan-paid administrative cost, cheaper than 85% of plans with 500–999 participants.
What is WESTAMERICA BANCORPORATION's 401(k) match formula?
WESTAMERICA BANCORPORATION's 401(k) employer match tops out at 6% of pay. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 100% (dollar-for-dollar) of the first 6% of pay |
|---|---|
| Maximum employer match | 6% of compensation |
| Paid in company stock | Yes |
| Other employer contribution | Additional amounts may be contributed at the discretion of the Company's Board of Directors. For the years ended December 31, 2025 and 2024, the Company made no discretionary contributions. |
At a $75,000 salary, contributing 6% ($4,500) earns the full employer match of $4,500 for the year.
What the filing says, word for word
“The Company makes a matching contribution equal to 100 percent of the participant's elective contribution, up to a maximum of 6 percent of the participant's compensation.”
Source: Form 11-K filed June 26, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is WESTAMERICA BANCORPORATION's 401(k) vesting schedule?
WESTAMERICA BANCORPORATION vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Other employer contributions | Participants become 20%, 40%, 60%, 80% and 100% vested in the Company’s discretionary contributions after completing, two, three, four, five and six Years of Service, respectively. |
Vesting, word for word
“Participants are immediately vested in their salary-deferral contributions and the Company's matching contributions, plus actual earnings and losses thereon.”
Source: Form 11-K filed June 26, 2026, SEC EDGAR · SEC ↗
Who can join WESTAMERICA BANCORPORATION's 401(k), and is enrollment automatic?
WESTAMERICA BANCORPORATION's filing does not mention automatic enrollment, which is not the same as the plan having none.
| Plan entry | All employees of the Company who are compensated on an hourly or salaried basis are eligible to participate in the plan on the first day of the payroll period (Entry Date) coinciding with or following the date the employee completes 90 consecutive days of service with the Company or completes 1,000 service hours in a 12-month consecutive period. |
|---|---|
| Automatic enrollment | Not mentioned in the filing (not proof of absence) |
Eligibility, word for word
“All employees of the Company who are compensated on an hourly or salaried basis are eligible to participate in the plan on the first day of the payroll period (Entry Date) coinciding with or following the date the employee completes 90 consecutive days of service with the Company or completes 1,000 service hours in a 12-month consecutive period.”
Source: Form 11-K filed June 26, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Vanguard, filed as “THE VANGUARD GROUP, INC.”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
2,337 plans on file name Vanguard as their recordkeeper. Of those, the 2,333 with a computable fee have a median plan-paid cost of $97.87 per participant.
Participants log in at Vanguard ↗. 401(k) Monitor is not affiliated with Vanguard or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Vanguard |
|---|---|
| Recordkeeper EIN | 231945930 |
What does the WESTAMERICA BANCORPORATION plan report on Form 5500?
The WESTAMERICA BANCORPORATION plan reported $64.1M in assets and 920 participants for plan year 2024.
| Total plan assets | $64,057,107 |
|---|---|
| Participants | 920 |
| Plan-paid admin cost per participant | $29.13 |
How that cost compares
This plan pays $29.13 per participant. The median across plans at banks and lenders is $152.83, from the 2,143 of 2,264 whose Form 5500 yields a per-participant cost.
Read from the Form 5500 filing of Westamerica Bancorporation Tax Deferred Savings/ Retirement Plan (ESOP), which has no page of its own here.
How does WESTAMERICA BANCORPORATION's 401(k) match compare?
WESTAMERICA BANCORPORATION's maximum 401(k) match of 6% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file at banks and lenders, two report the same recordkeeper and one vests on the same schedule.
Maximum match 6% of pay. Also at banks and lenders.
Maximum match 6.36% of pay. Also at banks and lenders.
Maximum match 6% of pay. Also at banks and lenders.
Maximum match 6% of pay. Same recordkeeper, Vanguard.
Maximum match 8% of pay. Same recordkeeper, Vanguard.
Maximum match 4% of pay. Vests immediately too, like WESTAMERICA BANCORPORATION.
Compare WESTAMERICA BANCORPORATION with any company, side by side
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 26, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is WESTAMERICA BANCORPORATION's 401(k) match?
Westamerica Bancorporation matches 100% of employee contributions up to 6% of eligible pay (plan year ended December 31, 2025).
When does the WESTAMERICA BANCORPORATION 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does WESTAMERICA BANCORPORATION's 401(k) plan have automatic enrollment?
Not mentioned in the filing (not proof of absence).
Who is the recordkeeper for WESTAMERICA BANCORPORATION's 401(k)?
Vanguard is named as the recordkeeper on the Form 5500 filed for Westamerica Bancorporation Tax Deferred Savings/ Retirement Plan (ESOP) for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that WESTAMERICA BANCORPORATION filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | WESTAMERICA BANCORPORATION |
| SEC CIK | 311094 |
| Accession number | 0001171843-26-004325 |
| Plan | Westamerica Bancorporation Tax Deferred Savings/Retirement Plan (ESOP) |
| Period of report | December 31, 2025 |
| Filed | June 26, 2026 |
401(k) Monitor is not affiliated with WESTAMERICA BANCORPORATION, with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “WESTAMERICA BANCORPORATION 401(k) plan facts”, from SEC Form 11-K accession 0001171843-26-004325, plan year ended December 31, 2025.
