Plan Snapshot
- Plan Sponsor: Peoples Bank
- Sponsor EIN: 751254812
- Sponsor Address: 5820 82ND ST, LUBBOCK, TX, 79424
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $25.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 119 | $25.4M | $685,851 | $691,764 |
| 2023 | 120 | $21.2M | $584,645 | $543,291 |
| 2022 | 105 | $18.6M | $493,651 | $468,143 |
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 |
|---|---|---|---|---|
| LEVERAGE RETIREMENT, INC. | NONE | $61,820 | — | $61,820 |
| FIRST FINANCIAL TRUST & ASSET MGMT | NONE | $25,446 | — | $25,446 |
| HM&M GROUP, LLC | NONE | $22,850 | — | $22,850 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HM&M GROUP, LLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $110,116
- Estimated Expense Ratio: 0.434% 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 | $113,620 | $25,505 | $61,820 | $22,850 | — |
| 2023 | $88,962 | — | $44,339 | $23,500 | — |
| 2022 | $68,312 | $21,594 | $44,103 | — | — |