Plan Snapshot
- Plan Sponsor: Austin Bank, Texas, N.A.
- Sponsor EIN: 750358895
- Sponsor Address: 200 EAST COMMERCE, JACKSONVILLE, TX, 75766
- Plan Type: 401(k)
- Total Participants: 698
- Total Assets: $103.3M
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 | 698 | $103.3M | $2.9M | $3.5M |
| 2023 | 638 | $94.8M | $2.6M | $3.2M |
| 2022 | 611 | $82.7M | $2.4M | $2.5M |
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 |
|---|---|---|---|---|
| WELLS FARGO ADVISORS LLC | BROKER/ADVISER | — | $244,024 | $244,024 |
| PAYNE & SMITH LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYNE & SMITH LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $244,024
- Estimated Expense Ratio: 0.236% 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 | $3,745 | — | $190 | — | — |
| 2023 | $11,933 | — | $11,358 | — | — |
| 2022 | $6,642 | — | $5,782 | — | — |