Plan Snapshot
- Plan Sponsor: Western Bank
- Sponsor EIN: 740962510
- Sponsor Address: 1617 BROADWAY, LUBBOCK, TX, 79401
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $10.3M
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 | 119 | $10.3M | $338,420 | $521,425 |
| 2023 | 126 | $7.9M | $270,202 | $420,246 |
| 2022 | 105 | $6.4M | $236,039 | $376,178 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $31,273 | — | $31,273 |
| COMMERCE STREET INVESTMENT ADVISOR | INVESTMENT ADVISOR | $23,824 | — | $23,824 |
| WHITLEY PENN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WHITLEY PENN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,097
- Estimated Expense Ratio: 0.537% 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 | $53,868 | $23,824 | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |