Plan Snapshot
- Plan Sponsor: Texas Gulf Bancshares, INC.
- Sponsor EIN: 741774826
- Sponsor Address: 203 THIS WAY, LAKE JACKSON, TX, 77566
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 151
- Total Assets: $29.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 151 | $29.1M | $0 | $0 |
| 2024 | 116 | $27.9M | $231,106 | $888,829 |
| 2023 | 119 | $25.0M | $239,005 | $887,087 |
| 2022 | 117 | $21.5M | $427,835 | $787,615 |
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 |
|---|---|---|---|---|
| MBG RETIREMENT | Other Service Provider | $56,841 | — | $56,841 |
| T ROWE PRICE RPS INC | Other Service Provider | $27,602 | — | $27,602 |
| FORVIS MAZARS LLP | Other Service Provider | $17,850 | — | $17,850 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $102,293
- Estimated Expense Ratio: 0.351% 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 |
|---|---|---|---|---|---|
| 2025 | $3,967,962 | $3,725 | — | $17,850 | — |
| 2024 | $101,326 | $2,786 | — | $16,800 | — |
| 2023 | $87,700 | $1,553 | — | $19,425 | — |
| 2022 | $82,384 | — | — | — | $62,405 |