# First State Bank, Gainesville, Texas 401(k) Plan
Source: https://planprovider.pro/companies/first-state-bank-gainesville-texas-401k-plan

> First State Bank, Gainesville, Texas's 401(k) plan: 312 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/royal-alliance-associates-inc) — OTHER SERVICES

- [PAYNE & SMTIH, LLC](https://planprovider.pro/provider/payne-and-smith-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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/first-state-bank-gainesville-texas-401k-plan)

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