Plan Snapshot
- Plan Sponsor: American Bank Of Commerce
- Sponsor EIN: 751095067
- Sponsor Address: PO DRAWER 9, WOLFFORTH, TX, 79382
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
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. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $0 | $0 |
| 2024 | 150 | $20.9M | $344,244 | $1.0M |
| 2023 | 150 | $19.1M | $370,962 | $1.1M |
| 2022 | 172 | $17.2M | $393,966 | $1.1M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | RECORDKEEPER | $79,992 | — | $79,992 |
| WORLD INVESTMENT ADVISORS LLC | INVESTMENT ADVISOR | $37,645 | — | $37,645 |
| AMERICO BANCSHARES INC DBA AMERICAN | OTHER | $20,450 | — | $20,450 |
| PAYNE & SMITH LLC | INVESTMENT ADVISOR | $12,500 | — | $12,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $150,587
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 |
|---|---|---|---|---|---|
| 2025 | $70,651 | $21,680 | — | — | — |
| 2024 | $116,402 | $50,145 | — | $3,460 | — |
| 2023 | $72,100 | $33,688 | — | — | — |
| 2022 | $98,692 | $35,764 | $62,928 | — | — |