Plan Snapshot
- Plan Sponsor: First State Bank, Gainesville, Texas
- Sponsor EIN: 750270410
- Sponsor Address: P.O. BOX 10, GAINESVILLE, TX, 762410010
- Plan Type: 401(k)
- Total Participants: 312
- Total Assets: $38.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 312 | $38.2M | $1.3M | $1.3M |
| 2023 | 266 | $39.6M | $1.3M | $1.2M |
| 2022 | 269 | $35.9M | $1.2M | $1.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $101,304 | — | $101,304 |
| OSAIC WEALTH INC | OTHER SERVICES | — | $31,288 | $31,288 |
| WOODBURY FINANCIAL SERVICES | OTHER SERVICES | — | $9,251 | $9,251 |
| PAYNE & SMTIH, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- OSAIC WEALTH INC — OTHER SERVICES
- PAYNE & SMTIH, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $141,843
- Estimated Expense Ratio: 0.371% 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 | $101,305 | — | $101,305 | — | — |
| 2023 | $86,187 | — | $86,187 | — | — |
| 2022 | $86,258 | — | $86,258 | — | — |