2023 Form 5500 filing — Moody National Bank 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241007143808NAL0008968339001) for Moody National Bank 401(K) Plan, reported by Moody National Bank under EIN 74-0560665 and plan number 002. It reports 257 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007143808NAL0008968339001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Moody National Bank
- EIN
- 74-0560665
- Plan number
- 002
- Location
- Galveston, TX
- Participants
- 257
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $11,949,359
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,949,359
- Employer contributions
- $673,796
- Participant contributions
- $1,049,639
- Total income / additions
- $3,361,721
- Benefits paid
- $921,646
- Administrative expenses
- $20,739
- Total expenses
- $955,772
- Net increase / (decrease)
- $2,405,949
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Woodbury Financial Services Inc | SERVICE PROVIDER | $0 | $21,312 |
| Hl& B Ham, Langston, & Brezina, Llp | SERVICE PROVIDER | $14,995 | not reported in the loaded dataset |
| Voya Retirement Insurance & Annuity | SERVICE PROVIDER | $5,421 | $5,328 |