Plan Snapshot
- Plan Sponsor: Benchmark Bank
- Sponsor EIN: 751163748
- Sponsor Address: 5700 LEGACY DRIVE, PLANO, TX, 75024
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 234
- Total Assets: $31.8M
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 | 234 | $31.8M | $0 | $0 |
| 2024 | 169 | $26.6M | $747,845 | $1.3M |
| 2023 | 160 | $23.4M | $533,894 | $1.0M |
| 2022 | 171 | $20.8M | $630,595 | $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 |
|---|---|---|---|---|
| BEACON POINTE ADVISORS CO. | Other Service Provider | $40,994 | — | $40,994 |
| NEWPORT GROUP, INC. | Other Service Provider | $34,095 | — | $34,095 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,089
- 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 |
|---|---|---|---|---|---|
| 2025 | $1,082,744 | $40,994 | $34,095 | — | — |
| 2024 | $74,585 | $53,372 | $21,213 | — | — |
| 2023 | $75,609 | $55,572 | $15,831 | — | — |
| 2022 | $65,520 | $47,118 | $10,025 | — | $8,377 |