Plan Snapshot
- Plan Sponsor: Woodforest Financial Group, INC.
- Sponsor EIN: 760163373
- Sponsor Address: 1330 LAKE ROBBINS, THE WOODLANDS, TX, 773803267
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 4,982
- Total Assets: $524.9M
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. |
|---|---|---|---|---|
| 2025 | 4,982 | $524.9M | $0 | $0 |
| 2024 | 4,374 | $498.6M | $4.4M | $15.0M |
| 2023 | 3,616 | $505.5M | $1.2M | $14.0M |
| 2022 | 3,383 | $505.8M | $4.4M | $12.9M |
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 | Recordkeeper | $425,866 | — | $425,866 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $425,866
- Estimated Expense Ratio: 0.081% 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 | $50,113,178 | — | $425,866 | — | — |
| 2024 | $362,971 | — | $362,971 | — | — |
| 2023 | $376,166 | — | $376,166 | — | — |
| 2022 | $359,943 | — | $359,943 | — | — |