Plan Snapshot
- Plan Sponsor: Vantage Bank Texas
- Sponsor EIN: 740856797
- Sponsor Address: 45 NE LOOP 410, SAN ANTONIO, TX, 78216
- Plan Type: 401(k)
- Total Participants: 481
- Total Assets: $44.9M
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 | 481 | $44.9M | $1.7M | $3.1M |
| 2023 | 475 | $37.8M | $1.6M | $2.9M |
| 2022 | 453 | $28.6M | $1.5M | $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 | $83,745 | — | $83,745 |
| SANCTUARY ADVISORS, LLC | INVESTMENT ADVISORY | $49,994 | $6 | $50,000 |
| RUSSON + JOHNSTON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RUSSON + JOHNSTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $133,745
- Estimated Expense Ratio: 0.298% 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 | $133,739 | $49,994 | $83,745 | — | — |
| 2023 | $122,028 | $47,105 | $73,509 | — | — |
| 2022 | $110,678 | $24,987 | $60,704 | — | $24,987 |