# Westex Bancorp, INC. 401(k) Plan
Source: https://planprovider.pro/companies/westex-bancorp-inc-plan

> Westex Bancorp, INC.'s 401(k) plan: 153 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|—|

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