Plan Snapshot
- Plan Sponsor: Citizens State Bank
- Sponsor EIN: 740557930
- Sponsor Address: 155 8TH STREET, SOMERVILLE, TX, 778790518
- Plan Type: 401(k)
- Total Participants: 145
- Total Assets: $22.3M
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 | 145 | $22.3M | $504,509 | $693,137 |
| 2023 | 142 | $20.4M | $439,442 | $606,655 |
| 2022 | 139 | $17.1M | $429,712 | $619,165 |
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 | $75,673 | — | $75,673 |
| LPL FINANCIAL LLC | OTHER SERVICES | — | $11,545 | $11,545 |
| SEIDEL SCHROEDER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL LLC — OTHER SERVICES
- SEIDEL SCHROEDER — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,218
- Estimated Expense Ratio: 0.391% 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 | $75,673 | — | $75,673 | — | — |
| 2023 | $63,931 | — | $63,931 | — | — |
| 2022 | $81,608 | — | $81,608 | — | — |