# Texas Independent Bancshares 401(k) Plan
Source: https://planprovider.pro/companies/texas-independent-bancshares-401k-plan

> Texas Independent Bancshares's 401(k) plan: 293 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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