# Woodforest Financial Group, INC. 401(k) Plan
Source: https://planprovider.pro/companies/woodforest-financial-group-inc-401k-plan

> Woodforest Financial Group, INC.'s 401(k) plan: 4,374 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Woodforest Financial Group, INC.

- **Sponsor EIN:** 760163373

- **Sponsor Address:** 1330 LAKE ROBBINS, THE WOODLANDS, TX, 773803267

- **Plan Type:** 401(k)

- **Total Participants:** 4,374

- **Total Assets:** $498.6M

## 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.|

| 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|CONTRACT ADMINISTRATOR|$362,971|—|$362,971|

| SIKICH CPA LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [SIKICH CPA LLC](https://planprovider.pro/provider/sikich-cpa-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $362,971

- **Estimated Expense Ratio:** 0.073% 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|$362,971|—|$362,971|—|—|

| 2023|$376,166|—|$376,166|—|—|

| 2022|$359,943|—|$359,943|—|—|

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