Plan Snapshot
- Plan Sponsor: First State Bank
- Sponsor EIN: 741258875
- Sponsor Address: PO BOX 5, LOUISE, TX, 77455
- Plan Type: 401(k)
- Total Participants: 156
- Total Assets: $16.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 156 | $16.3M | $333,718 | $588,301 |
| 2023 | 143 | $14.1M | $306,120 | $596,312 |
| 2022 | 134 | $12.2M | $293,264 | $564,374 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES | INVESTMENT ADVISOR | $27,589 | — | $27,589 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $21,051 | — | $21,051 |
| NOVA 401(K) ASSOCIATES | CONTRACT ADMIN | $3,820 | $10,000 | $13,820 |
| SEIDEL SCHROEDER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SEIDEL SCHROEDER — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,460
- Estimated Expense Ratio: 0.383% 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 | $54,452 | — | $54,452 | — | — |
| 2023 | $48,926 | — | $48,926 | — | — |
| 2022 | $51,285 | — | $51,285 | — | — |