# Third Coast Bank 401(k) Plan
Source: https://planprovider.pro/companies/third-coast-bank-ssb-plan-001

> Third Coast Bank's 401(k) plan: 370 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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)

- **Total Participants:** 370

- **Total Assets:** $31.4M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|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|CONTRACT ADMINISTRATOR|$92,606|—|$92,606|

| RAYMOND JAMES FINANCIAL SVC ADV|INVESTMENT ADVISORY|—|$66,780|$66,780|

| WEAVER AND TIDWELL LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [RAYMOND JAMES FINANCIAL SVC ADV](https://planprovider.pro/provider/raymond-james-financial-inc) — INVESTMENT ADVISORY

- [WEAVER AND TIDWELL LLP](https://planprovider.pro/provider/weaver-and-tidwell-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $159,386

- **Estimated Expense Ratio:** 0.508% 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|$92,606|—|$92,606|—|—|

| 2023|$68,457|—|$68,457|—|—|

| 2022|$42,697|—|$42,697|—|—|

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