Plan Snapshot
- Plan Sponsor: Broadway Bancshares, INC.
- Sponsor EIN: 742209407
- Sponsor Address: 1177 N.E. LOOP 410, SAN ANTONIO, TX, 78209
- Plan Type: 401(k)
- Total Participants: 662
- Total Assets: $120.9M
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 | 662 | $120.9M | $1.6M | $5.2M |
| 2023 | 683 | $112.1M | $1.6M | $5.1M |
| 2022 | 650 | $100.2M | $1.5M | $4.7M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY 301-037977 | INVESTMENT ADVISOR | $113,392 | — | $113,392 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $50,309 | — | $50,309 |
| ADKF, P.C. | ACCOUNTANT/AUDITOR | $20,000 | — | $20,000 |
| ADKF | Auditor | $20,000 | — | $20,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY 301-037977 — INVESTMENT ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- ADKF, P.C. — ACCOUNTANT/AUDITOR
- ADKF — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $203,701
- Estimated Expense Ratio: 0.168% 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 | $183,701 | $113,392 | $300 | $20,000 | — |
| 2023 | $143,723 | $106,562 | — | — | — |
| 2022 | $153,799 | — | — | — | — |