Plan Snapshot
- Plan Sponsor: Western Bank
- Sponsor EIN: 740962510
- Sponsor Address: 1617 BROADWAY, LUBBOCK, TX, 79401
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 148
- Total Assets: $12.1M
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. |
|---|---|---|---|---|
| 2025 | 148 | $12.1M | $0 | $0 |
| 2024 | 119 | $10.3M | $338,420 | $521,425 |
| 2023 | 118 | $7.9M | $270,202 | $420,246 |
| 2022 | 100 | $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 | $39,790 | — | $39,790 |
| COMMERCE STREET INVESTMENT ADVISOR | Investment Advisor | $29,343 | — | $29,343 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,133
- Estimated Expense Ratio: 0.572% 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 | $912,519 | $29,343 | — | — | — |
| 2024 | $53,868 | $23,824 | — | — | — |
| 2023 | $308,628 | — | — | — | — |
| 2022 | $572,121 | — | — | — | — |