Plan Snapshot
- Plan Sponsor: Independent Bank
- Sponsor EIN: 752694563
- Sponsor Address: 7777 HENNEMAN WAY, MCKINNEY, TX, 75070
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
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. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $0 | $0 |
| 2024 | 1,404 | $143.0M | $7.9M | $11.1M |
| 2023 | 1,443 | $118.2M | $7.7M | $10.9M |
| 2022 | 1,451 | $105.3M | $7.9M | $11.3M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $87,437 | — | $87,437 |
| UBS FINANCIAL SERVICES INC | INVESTMENT ADVISOR | $59,126 | — | $59,126 |
| RSM US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- UBS FINANCIAL SERVICES INC — INVESTMENT ADVISOR
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $146,563
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 |
|---|---|---|---|---|---|
| 2025 | $101,393 | — | — | — | — |
| 2024 | $147,163 | — | $600 | — | — |
| 2023 | $256,086 | — | $255,380 | — | — |
| 2022 | $279,871 | — | $279,871 | — | — |