Plan Snapshot
- Plan Sponsor: Southwest Bank
- Sponsor EIN: 750749819
- Sponsor Address: 4800 EAST 42ND STREET, ODESSA, TX, 79762
- Plan Type: 401(k)
- Total Participants: 118
- Total Assets: $14.5M
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 | 118 | $14.5M | $511,931 | $729,892 |
| 2023 | 110 | $12.1M | $488,092 | $681,748 |
| 2022 | 117 | $10.0M | $473,791 | $631,304 |
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 |
|---|---|---|---|---|
| WEAVER AND TIDWELL, L.L.P. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEAVER AND TIDWELL, L.L.P. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $26,103 | $2,680 | $1,126 | — | — |
| 2023 | $23,335 | $2,162 | $1,760 | — | — |
| 2022 | $21,212 | — | $21,212 | — | — |