# First Financial Bankshares, INC. 401(k) Plan
Source: https://planprovider.pro/companies/first-financial-bankshares-inc-401k-plan

> First Financial Bankshares, INC.'s 401(k) plan: 1,498 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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