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

> Sabine, Bancshares, INC.&#39;s 401(k) plan: 365 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/ameritas-retirement-plans) — 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|—|—|

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