Plan Snapshot
- Plan Sponsor: Sabine, Bancshares, INC.
- Sponsor EIN: 720959138
- Sponsor Address: 295 ELIZABETH STREET, MANY, LA, 71449
- Plan Type: 401(k)
- Total Participants: 365
- Total Assets: $20.1M
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 | 365 | $20.1M | $773,669 | $602,632 |
| 2023 | 364 | $19.1M | $727,609 | $621,770 |
| 2022 | 377 | $15.8M | $653,518 | $596,302 |
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 |
|---|---|---|---|---|
| AMERITAS LIFE INSURANCE COMPANY | BUNDLED RECORDKEEPER | $12,378 | — | $12,378 |
| HEARD MCELROY & VESTAL | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERITAS LIFE INSURANCE COMPANY — BUNDLED RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,378
- Estimated Expense Ratio: 0.062% 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 | $12,378 | — | — | — | — |
| 2023 | $10,835 | — | $250 | — | — |
| 2022 | $10,259 | — | $10,259 | — | — |