# Peoples Bank 401(k) Plan
Source: https://planprovider.pro/companies/peoples-bank-401k-plan-001-4812

> Peoples Bank's 401(k) plan: 119 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/hmandm-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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/peoples-bank-401k-plan-001-4812)

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