Plan Snapshot
- Plan Sponsor: Community National Bank
- Sponsor EIN: 751829272
- Sponsor Address: PO BOX 3903, MIDLAND, TX, 79701
- Plan Type: 401(k)
- Total Participants: 234
- Total Assets: $32.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 234 | $32.0M | $804,045 | $1.2M |
| 2023 | 219 | $26.7M | $697,910 | $1.1M |
| 2022 | 209 | $22.8M | $651,663 | $925,374 |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP LLC | N/A | $58,550 | — | $58,550 |
| RAYMOND JAMES FINANCIAL SERVICES | N/A | $50,153 | — | $50,153 |
| EMPOWER ANNUITY INS CO OF AMERICA | N/A | $21,371 | — | $21,371 |
| PENTEC PENSION MGMT | N/A | $8,860 | $10,000 | $18,860 |
| BAKER TILLY, US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY, US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $148,934
- Estimated Expense Ratio: 0.465% 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 | $134,972 | $134,972 | — | — | — |
| 2023 | $103,901 | $103,901 | — | — | — |
| 2022 | $88,119 | — | $88,119 | — | — |