Plan Snapshot
- Plan Sponsor: First National Bank Of Gilmer
- Sponsor EIN: 750291493
- Sponsor Address: 206 US HWY 271 NORTH, GILMER, TX, 75644
- Plan Type: 401(k)
- Total Participants: 136
- Total Assets: $12.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 136 | $12.3M | $649,564 | $473,897 |
| 2023 | 132 | $11.0M | $611,326 | $433,227 |
| 2022 | 115 | $9.3M | $525,800 | $385,816 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $29,244 | — | $29,244 |
| ALLIANCE BENEFIT GROUP OF HOUSTON | CONTRACT ADMIN | $3,610 | $5,619 | $9,229 |
| HENRY & PETERS, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HENRY & PETERS, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,473
- Estimated Expense Ratio: 0.312% 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 | $63,893 | $30,710 | $28,017 | — | — |
| 2023 | $53,712 | $24,739 | $23,489 | — | — |
| 2022 | $40,492 | — | $39,142 | — | — |