Plan Snapshot
- Plan Sponsor: Texas Independent Bancshares
- Sponsor EIN: 742022764
- Sponsor Address: 3232 PALMER HWY, TEXAS CITY, TX, 775906724
- Plan Type: 401(k)
- Total Participants: 293
- Total Assets: $79.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 293 | $79.0M | $1.8M | $1.6M |
| 2023 | 293 | $73.2M | $1.6M | $1.5M |
| 2022 | 279 | $68.5M | $2.7M | $1.4M |
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 |
|---|---|---|---|---|
| BENTLEY BRATCHER & ASSOCIATES, P.C. | Auditor | $21,000 | — | $21,000 |
| THE ALLOCATION COMPANY, INC. | TPA | — | $11,137 | $11,137 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,137
- Estimated Expense Ratio: 0.041% 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 | $57,988 | — | — | $21,000 | — |
| 2023 | $77,643 | — | $25,940 | $18,660 | — |
| 2022 | $46,070 | — | — | — | $46,070 |