# Texas Gulf Bancshares, INC. 401(k) Plan
Source: https://planprovider.pro/companies/texas-gulf-bancshares-inc-401k-plan

> Texas Gulf Bancshares, INC.'s 401(k) plan: 116 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Texas Gulf Bancshares, INC.

- **Sponsor EIN:** 741774826

- **Sponsor Address:** 203 THIS WAY, LAKE JACKSON, TX, 77566

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

- **Total Participants:** 116

- **Total Assets:** $27.9M

## 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.|

| 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|NONE|$50,802|—|$50,802|

| T ROWE PRICE RPS INC|NONE|$27,449|—|$27,449|

| FORVIS MAZARS LLP|NONE|$16,800|—|$16,800|

| FORVIS MAZARS, LLP|Auditor|$16,800|—|$16,800|

### Verified Provider Profiles

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

- [FORVIS MAZARS, LLP](https://planprovider.pro/provider/forvis-mazars-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $111,851

- **Estimated Expense Ratio:** 0.401% 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|$101,326|$2,786|—|$16,800|—|

| 2023|$87,700|$1,553|—|$19,425|—|

| 2022|$82,384|—|—|—|$62,405|

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

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