Plan Snapshot
- Plan Sponsor: Westex Bancorp, INC.
- Sponsor EIN: 742102966
- Sponsor Address: PO BOX 4010, DEL RIO, TX, 78841
- Plan Type: 401(k)
- Total Participants: 153
- Total Assets: $31.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 153 | $31.0M | $0 | $820,200 |
| 2023 | 142 | $26.1M | $464,700 | $786,098 |
| 2022 | 129 | $20.6M | $405,636 | $664,035 |
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 |
|---|---|---|---|---|
| WHITLEY PENN LLP | Auditor | $13,390 | — | $13,390 |
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: $13,390
- Estimated Expense Ratio: 0.043% 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 | $10,813 | — | — | $13,390 | — |
| 2023 | $14,697 | — | — | $12,500 | — |
| 2022 | $17,402 | — | — | — | — |