Plan Snapshot
- Plan Sponsor: Prosperity Bancshares, INC.
- Sponsor EIN: 742331986
- Sponsor Address: 4295 SAN FELIPE ST., HOUSTON, TX, 77027
- Plan Type: 401(k)
- Total Participants: 3,884
- Total Assets: $357.8M
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 | 3,884 | $357.8M | $6.9M | $17.1M |
| 2023 | 3,623 | $323.7M | $6.1M | $16.6M |
| 2022 | 3,656 | $276.5M | $6.4M | $15.6M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $198,123 | — | $198,123 |
| NFP RETIREMENT INC | ADVISOR | $70,000 | — | $70,000 |
| MELTON AND MELTON L.L.P | AUDITOR | $22,500 | — | $22,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- NFP RETIREMENT INC — ADVISOR
- MELTON AND MELTON L.L.P — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $290,623
- Estimated Expense Ratio: 0.081% 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 | $290,851 | $70,000 | — | $22,500 | — |
| 2023 | $273,919 | $70,000 | $600 | $41,133 | — |
| 2022 | $305,794 | — | — | — | — |