# Prosperity Bancshares, INC. 401(k) Plan
Source: https://planprovider.pro/companies/prosperity-bancshares-inc-401k-plan

> Prosperity Bancshares, INC.'s 401(k) plan: 3,884 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [NFP RETIREMENT INC](https://planprovider.pro/provider/accelerate-retirement) — ADVISOR

- [MELTON AND MELTON L.L.P](https://planprovider.pro/provider/melton-and-melton-llp) — 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|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/prosperity-bancshares-inc-401k-plan)

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