Plan Snapshot
- Plan Sponsor: Southside Bancshares, INC.
- Sponsor EIN: 751848732
- Sponsor Address: PO BOX 6170, TYLER, TX, 757116170
- Plan Type: DB
- Total Participants: 69
- Total Assets: $77.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 69 | $77.5M | $0 | $0 |
| 2023 | 84 | $81.4M | $0 | $0 |
| 2022 | 89 | $76.5M | $0 | $0 |
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 | $166,747 | — | $166,747 |
| SAGEVIEW ADVISORY GROUP LLC | CONSULTANT | $36,057 | — | $36,057 |
| HENRY & PETERS PC | AUDITOR | $15,500 | — | $15,500 |
| WILLIS TOWERS WATSON US LLC | ACTUARY | $14,655 | — | $14,655 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HENRY & PETERS PC — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $232,959
- Estimated Expense Ratio: 0.301% 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 | $262,985 | — | — | $15,500 | — |
| 2023 | $112,508 | — | — | — | — |
| 2022 | $95,616 | — | — | — | $69,040 |