# Rio Bank 401(k) Plan
Source: https://planprovider.pro/companies/rio-bank-401k-plan

> Rio Bank's 401(k) plan: 189 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$63,347|—|$63,347|

| 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:** $63,347

- **Estimated Expense Ratio:** 0.490% 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|$79,092|—|$63,347|—|—|

| 2023|$52,080|—|$52,080|—|—|

| 2022|$49,000|—|$49,000|—|—|

## Similar Plans

- [Citizens National Bank Of Texas](https://planprovider.pro/companies/citizens-national-bank-of-texas-401k-plan) — 189 participants

- [Legend Bank](https://planprovider.pro/companies/legend-bank-401k-plan) — 185 participants

- [Wallis Bank](https://planprovider.pro/companies/wallis-bank-401k-plan) — 196 participants

- [Inwood National Bank](https://planprovider.pro/companies/inwood-national-bank-401k-plan) — 200 participants

- [Moody National Bank](https://planprovider.pro/companies/moody-national-bank-401k-plan) — 176 participants

- [Vista Bancshares, INC.](https://planprovider.pro/companies/vista-bancshares-inc-401k-plan) — 206 participants

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

© 2026 PlanProvider.Pro