Plan Snapshot
- Plan Sponsor: First Community Bank
- Sponsor EIN: 760024722
- Sponsor Address: 416 NORTH WATER STREET, CORPUS CHRISTI, TX, 784012533
- Plan Type: 401(k)
- Total Participants: 133
- Total Assets: $6.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 133 | $6.1M | $74,662 | $351,631 |
| 2023 | 137 | $5.4M | $74,635 | $349,650 |
| 2022 | 131 | $4.5M | $81,699 | $350,293 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK LIFE INSURANCE COMPANY | RECORDKEEPER | $25,873 | $750 | $26,623 |
| CAPFINANCIAL PARTNERS, LLC | RIA, IA | — | $19,422 | $19,422 |
| WHITLEY PENN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — RECORDKEEPER
- WHITLEY PENN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,045
- Estimated Expense Ratio: 0.756% 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 | $47,504 | — | $47,504 | — | — |
| 2023 | $40,380 | — | $40,380 | — | — |
| 2022 | $38,444 | — | $38,444 | — | — |