Plan Snapshot
- Plan Sponsor: East Texas Financial Corporation
- Sponsor EIN: 751979756
- Sponsor Address: PO BOX 1700, KILGORE, TX, 75663
- Plan Type: 401(k)
- Total Participants: 106
- Total Assets: $12.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 106 | $12.9M | $292,862 | $408,241 |
| 2023 | 93 | $11.7M | $261,716 | $394,032 |
| 2022 | 97 | $10.3M | $270,671 | $399,135 |
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 |
|---|---|---|---|---|
| HENRY & PETERS, PC | ACCOUNTANT/AUDITOR | $11,500 | — | $11,500 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $10,628 | — | $10,628 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HENRY & PETERS, PC — ACCOUNTANT/AUDITOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $22,128
- Estimated Expense Ratio: 0.172% 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 | $26,447 | — | — | $11,500 | — |
| 2023 | $13,182 | — | — | $10,200 | — |
| 2022 | $13,394 | — | — | — | — |