Plan Snapshot
- Plan Sponsor: Citizens National Bank Of Texas
- Sponsor EIN: 750187771
- Sponsor Address: 200 N ELM STREET, WAXAHACHIE, TX, 751653614
- Plan Type: 401(k)
- Total Participants: 189
- Total Assets: $28.1M
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 | 189 | $28.1M | $585,785 | $1.7M |
| 2023 | 190 | $29.8M | $555,495 | $1.5M |
| 2022 | 188 | $30.7M | $488,595 | $1.3M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $49,460 | — | $49,460 |
| COMMERCE STREET INVESTMENT MANAGEME | INVESTMENT ADVISORY | $22,542 | $4 | $22,546 |
| FOX BYRD AND COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FOX BYRD AND COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,006
- Estimated Expense Ratio: 0.256% 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 | $72,002 | $22,542 | $49,460 | — | — |
| 2023 | $80,289 | $26,480 | $53,809 | — | — |
| 2022 | $80,283 | $28,415 | $51,868 | — | — |