Plan Snapshot
- Plan Sponsor: Third Coast Bank
- Sponsor EIN: 262027557
- Sponsor Address: 1800 WEST LOOP S, SUITE 100, HOUSTON, TX, 770273296
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 523
- Total Assets: $40.7M
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 | 523 | $40.7M | $0 | $0 |
| 2024 | 370 | $31.4M | $1.5M | $3.0M |
| 2023 | 366 | $24.0M | $1.5M | $3.0M |
| 2022 | 368 | $15.7M | $663,380 | $2.7M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $100,106 | — | $100,106 |
| LPL FINANCIAL LLC - RPCP | Investment Advisor | — | $75,437 | $75,437 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $175,543
- Estimated Expense Ratio: 0.431% 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 | $2,661,321 | — | $100,106 | — | — |
| 2024 | $92,606 | — | $92,606 | — | — |
| 2023 | $68,457 | — | $68,457 | — | — |
| 2022 | $42,697 | — | $42,697 | — | — |