# American Bank 401(k) Plan
Source: https://planprovider.pro/companies/american-bank-401k-plan-001-0800

> American Bank's 401(k) plan: 363 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** American Bank

- **Sponsor EIN:** 741650800

- **Sponsor Address:** 3520 BEE CAVES RD, AUSTIN, TX, 78746

- **Plan Type:** 401(k)

- **Total Participants:** 363

- **Total Assets:** $62.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|363|$62.7M|$1.3M|$2.9M|

| 2023|372|$54.6M|$1.1M|$2.7M|

| 2022|344|$45.1M|$678,873|$2.3M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| NEWPORT GROUP, INC.|RECORDKEEPER|$65,767|—|$65,767|

| NEWPORT TRUST COMPANY|TRUSTEE|$40,604|—|$40,604|

| MARCADO ASSET MANAGEMENT LLC|ADVISOR|$34,956|—|$34,956|

| CROWE LLP|AUDITOR|$10,763|—|$10,763|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $152,090

- **Estimated Expense Ratio:** 0.243% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$152,089|$34,956|$53,026|$10,763|—|

| 2023|$113,043|$13,000|$88,026|—|—|

| 2022|$101,995|$21,666|$69,063|—|$11,266|

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