Plan Snapshot
- Plan Sponsor: First Financial Bankshares, INC.
- Sponsor EIN: 750944023
- Sponsor Address: PO BOX 701, ABILENE, TX, 79604
- Plan Type: 401(k)
- Total Participants: 1,498
- Total Assets: $360.5M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,498 | $360.5M | $13.6M | $6.7M |
| 2023 | 1,476 | $319.9M | $5.0M | $6.9M |
| 2022 | 1,561 | $303.5M | $7.9M | $6.7M |
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 |
|---|---|---|---|---|
| LEVERAGE RETIREMENT, INC. | NONE | $231,979 | — | $231,979 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $231,979
- Estimated Expense Ratio: 0.064% 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 | $342,018 | — | $342,018 | — | — |
| 2023 | $469,911 | — | $469,911 | — | — |
| 2022 | $271,154 | — | $271,054 | — | — |