Plan Snapshot
- Plan Sponsor: Swnb Bancorp INC
- Sponsor EIN: 731696442
- Sponsor Address: 6901 CORPORATE DR, HOUSTON, TX, 77036
- Plan Type: 401(k)
- Total Participants: 142
- Total Assets: $15.2M
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 | 142 | $15.2M | $231,967 | $1.1M |
| 2023 | 137 | $12.5M | $232,330 | $972,906 |
| 2022 | 131 | $9.8M | $211,861 | $780,884 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $43,115 | — | $43,115 |
| OSAIC WEALTH INC | BROKER/ADVISER | — | $29,291 | $29,291 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $9,771 | — | $9,771 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,177
- Estimated Expense Ratio: 0.542% 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 | $52,886 | $9,771 | — | — | — |
| 2023 | $37,418 | $6,584 | — | — | — |
| 2022 | $34,266 | $5,797 | $28,469 | — | — |