Plan Snapshot
- Plan Sponsor: Security State Bank & Trust
- Sponsor EIN: 740890992
- Sponsor Address: 201 W MAIN, FREDERICKSBURG, TX, 786247862
- Plan Type: 401(k)
- Total Participants: 289
- Total Assets: $28.0M
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 | 289 | $28.0M | $1.2M | $1.3M |
| 2023 | 262 | $27.6M | $1.2M | $1.3M |
| 2022 | 271 | $25.6M | $1.1M | $1.2M |
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 |
|---|---|---|---|---|
| CAPFINANCIAL PARTNERS LLC | NONE | $22,840 | — | $22,840 |
| MILLIMAN INC | NONE | $19,571 | — | $19,571 |
| CLIFTONLARSONALLEN LLP | NONE | $17,173 | — | $17,173 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | NONE | $12,375 | — | $12,375 |
| BUCKINGHAM ASSET MANAGEMENT | NONE | $6,846 | — | $6,846 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN INC — NONE
- CLIFTONLARSONALLEN LLP — NONE
- SCHWAB RETIREMENT PLAN SERVICES,INC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,805
- Estimated Expense Ratio: 0.281% 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 | $84,051 | $6,846 | $6,620 | $10,552 | — |
| 2023 | $149,788 | $90,589 | — | $18,223 | — |
| 2022 | $146,301 | — | — | — | $146,301 |