# Texas Bank 401(k) Plan
Source: https://planprovider.pro/companies/texas-bank-401k-plan-001

> Texas Bank's 401(k) plan: 168 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Texas Bank

- **Sponsor EIN:** 751405029

- **Sponsor Address:** 1120 HWY 79 N, HENDERSON, TX, 75652

- **Plan Type:** 401(k)

- **Total Participants:** 168

- **Total Assets:** $8.7M

## 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|168|$8.7M|$389,451|$558,584|

| 2023|160|$7.7M|$379,944|$545,009|

| 2022|154|$6.2M|$349,787|$516,244|

## 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|

| EDWARD D JONES & COMPANY|INVESTMENT ADVISORY PLAN|$27,367|—|$27,367|

| NOVA 401(K) ASSOCIATES|THIRD PARTY ADMINISTRATOR|$5,465|$137|$5,602|

| HENRY & PETERS, P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [HENRY & PETERS, P.C.](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:** $32,969

- **Estimated Expense Ratio:** 0.379% 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|$14,411|—|$14,411|—|—|

| 2023|$10,316|—|$10,316|—|—|

| 2022|$11,845|—|$11,845|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/texas-bank-401k-plan-001)

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