Plan Snapshot
- Plan Sponsor: Moody National Bank
- Sponsor EIN: 740560665
- Sponsor Address: 2302 POST OFFICE STREET, GALVESTON, TX, 77550
- Plan Type: 401(k)
- Total Participants: 176
- Total Assets: $13.7M
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 | 176 | $13.7M | $675,299 | $1.1M |
| 2023 | 195 | $11.9M | $673,796 | $1.0M |
| 2022 | 192 | $9.5M | $504,917 | $931,503 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $31,804 | $5,057 | $36,861 |
| HAM, LANGSTON & BREZINA, LLP | Auditor | $33,438 | — | $33,438 |
| WOODBURY FINANCIAL SERVICES INC | SERVICE PROVIDER | — | $19,091 | $19,091 |
| MORNINGSTAR | SERVICE PROVIDER | — | $5,024 | $5,024 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HAM, LANGSTON & BREZINA, LLP — Auditor
- MORNINGSTAR — SERVICE PROVIDER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,414
- Estimated Expense Ratio: 0.687% 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 | $33,438 | — | — | $33,438 | — |
| 2023 | $20,739 | $644 | $4,600 | — | — |
| 2022 | $32,699 | — | — | — | — |