Plan Snapshot
- Plan Sponsor: Texas Farm Bureau
- Sponsor EIN: 741145986
- Sponsor Address: 7420 FISH POND ROAD, WACO, TX, 76710
- Plan Type: DC
- Total Participants: 1,003
- Total Assets: $181.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 1,003 | $181.7M | $3.5M | $6.3M |
| 2023 | 948 | $164.2M | $3.2M | $6.0M |
| 2022 | 820 | $142.5M | $2.9M | $5.3M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORD-KEEPER | $101,529 | — | $101,529 |
| NEWPORT TRUST COMPANY | TRUSTEE | $40,839 | — | $40,839 |
| JAYNES, REITMEIER, BOYD & THERRELL | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $142,368
- Estimated Expense Ratio: 0.078% 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 | $142,368 | — | $84,587 | — | — |
| 2023 | $130,975 | — | $81,251 | — | — |
| 2022 | $119,494 | — | $83,026 | — | $36,468 |