Plan Snapshot
- Plan Sponsor: Olney Bancshares Of Texas, INC.
- Sponsor EIN: 752534536
- Sponsor Address: 307 W MAIN STREET, OLNEY, TX, 76374
- Plan Type: DC
- Total Participants: 524
- Total Assets: $49.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 524 | $49.0M | $2.6M | $2.1M |
| 2023 | 522 | $44.3M | $2.1M | $2.6M |
| 2022 | 524 | $36.9M | $2.8M | $2.0M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $63,848 | — | $63,848 |
| EXENCIAL WEALTH ADVISORS LLC | INVESTMENT ADVISOR | $45,000 | — | $45,000 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $26,318 | — | $26,318 |
| HOGANTAYLOR LLP | AUDITOR | $20,500 | — | $20,500 |
| HOGAN TAYLOR | Auditor | $20,500 | — | $20,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HOGAN TAYLOR — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $176,166
- Estimated Expense Ratio: 0.359% 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 | $150,038 | $71,318 | — | $20,500 | — |
| 2023 | $137,020 | $88,204 | — | — | — |
| 2022 | $138,447 | $78,962 | $59,485 | — | — |