# American State Bank 401(k) Plan
Source: https://planprovider.pro/companies/american-state-bank-401k-plan-001-8190

> American State Bank's 401(k) plan: 66 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** American State Bank

- **Sponsor EIN:** 750118190

- **Sponsor Address:** 5555 OLD JACKSONVILLE HWY., TYLER, TX, 75703

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

- **Total Participants:** 66

- **Total Assets:** $6.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|66|$6.7M|$389,688|$436,200|

| 2023|129|$7.6M|$692,860|$774,862|

| 2022|175|$6.3M|$540,362|$554,949|

## 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|

| HENRY & PETERS, P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [HENRY & PETERS, P.C.](https://planprovider.pro/provider/henry-and-peters-pc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $0

### 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|$78,722|$24,590|$6,800|—|—|

| 2023|$75,498|$21,963|$8,897|—|—|

| 2022|$55,389|$2,400|$34,475|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/american-state-bank-401k-plan-001-8190)

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