Plan Snapshot
- Plan Sponsor: Sulphur Springs Bancshares, INC.
- Sponsor EIN: 751983358
- Sponsor Address: 201 CONNALLY STREET, SULPHUR SPRINGS, TX, 754822611
- Plan Type: 401(k)
- Total Participants: 257
- Total Assets: $28.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 257 | $28.6M | $362,688 | $992,752 |
| 2023 | 256 | $25.6M | $358,778 | $974,269 |
| 2022 | 256 | $24.3M | $339,891 | $924,976 |
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 |
|---|---|---|---|---|
| BOKF, NA | NONE | $81,549 | — | $81,549 |
| CHARLES SCHWAB TRUST BANK | NONE | $8,275 | $190 | $8,465 |
| PAYNE & SMITH, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES SCHWAB TRUST BANK — NONE
- PAYNE & SMITH, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $90,014
- Estimated Expense Ratio: 0.315% 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 | $89,824 | $73,776 | — | — | — |
| 2023 | $74,725 | $62,390 | $6,952 | — | — |
| 2022 | $73,586 | $59,594 | $6,819 | — | $7,173 |