# Southside Bancshares, INC. DB Plan
Source: https://planprovider.pro/companies/southside-bancshares-inc-plan-001

> Southside Bancshares, INC.'s DB plan: 69 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/henry-and-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|

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