# Legend Bank 401(k) Plan
Source: https://planprovider.pro/companies/legend-bank-401k-plan

> Legend Bank's 401(k) plan: 185 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Legend Bank

- **Sponsor EIN:** 750150372

- **Sponsor Address:** 101 WEST TARRANT STREET, BOWIE, TX, 76230

- **Plan Type:** 401(k)

- **Total Participants:** 185

- **Total Assets:** $37.2M

## 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:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|185|$37.2M|$707,943|$1.0M|

| 2023|181|$34.2M|$715,154|$1.1M|

| 2022|165|$30.0M|$591,988|$854,999|

## 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|

| BENEFIT PLAN ADMIN SERVICES|TPA|$117,891|—|$117,891|

| FROST BANK|ADVISOR|$15,000|—|$15,000|

| PAYNE & SMITH, LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BENEFIT PLAN ADMIN SERVICES](https://planprovider.pro/provider/bpas) — TPA

- [PAYNE & SMITH, 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:** $132,891

- **Estimated Expense Ratio:** 0.357% 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|$132,891|$15,000|—|—|—|

| 2023|$119,913|$15,000|$33,840|—|—|

| 2022|$113,239|$15,000|$98,239|—|—|

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