Plan Snapshot
- Plan Sponsor: Rio Bank
- Sponsor EIN: 742331408
- Sponsor Address: 701 E. EXPRESSWAY 83, MCALLEN, TX, 785016736
- Plan Type: 401(k)
- Total Participants: 189
- Total Assets: $12.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 189 | $12.9M | $583,411 | $792,151 |
| 2023 | 182 | $11.0M | $532,287 | $719,842 |
| 2022 | 168 | $9.2M | $489,948 | $656,723 |
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 |
|---|---|---|---|---|
| BURTON MCCUMBER & LONGORIA, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $79,092 | — | $63,347 | — | — |
| 2023 | $52,080 | — | $52,080 | — | — |
| 2022 | $49,000 | — | $49,000 | — | — |