Who sponsors the Third Coast Bank, Ssb 401(K) And Employee Stock Ownership Plan?

Third Coast Bank, Ssb 401(K) And Employee Stock Ownership Plan is reported as sponsored by Third Coast Bank, Ssb (EIN 26-2027557, plan number 001) in public Form 5500 filings.

What is the most recent Form 5500 filing year for Third Coast Bank, Ssb 401(K) And Employee Stock Ownership Plan?

The latest Form 5500 filing year loaded for Third Coast Bank, Ssb 401(K) And Employee Stock Ownership Plan is 2023.

How many participants does Third Coast Bank, Ssb 401(K) And Employee Stock Ownership Plan report?

Third Coast Bank, Ssb 401(K) And Employee Stock Ownership Plan reports 419 participants in its latest loaded Form 5500 filing.

What are the reported plan assets for Third Coast Bank, Ssb 401(K) And Employee Stock Ownership Plan?

Third Coast Bank, Ssb 401(K) And Employee Stock Ownership Plan reports $23,997,619 in end-of-year plan assets in its latest loaded Form 5500 filing.

Third Coast Bank, Ssb 401(K) And Employee Stock Ownership Plan — Form 5500 plan (Third Coast Bank, Ssb)

Plain-English plan 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, Third Coast Bank, Ssb 401(K) And Employee Stock Ownership Plan is a benefit plan reported by Third Coast Bank, Ssb under EIN 26-2027557 and plan number 001. The latest loaded filing year is 2023. The filing reports 419 participants and $23,997,619 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$24MPlan net assets, end of year$23,997,619

Participants419Covered participants reported

Assets / participant$57.3KComputed: assets ÷ participants$57,274 (computed)

Provider compensation$114.3K2 Schedule C provider row(s)$114,289

Plan sponsor: Third Coast Bank, Ssb
EIN: 26-2027557
Plan number: 001
Plan type: 2
Location: Houston, TX
Latest filing year: 2023

Form 5500 filing history

Filings loaded for this plan
Filing year	Participants	Schedules	Filing
2023	419	H, C	20240529122722NAL0020249008001

Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$24M total assets

Net assets$24MLiabilities$0

Money in vs. money out

Total income / additions$10.8M

Total expenses$2.5M

Benefits paid / distributions$2.4M

Contributions

Employer$1.5M

Participant$3M

Full reported line items

Net assets

Total assets (EOY): $23,997,619
Total liabilities (EOY): $0
Net assets (EOY): $23,997,619
Net assets (BOY): $15,720,191

Income & contributions

Employer contributions: $1,466,253
Participant contributions: $3,011,545
Total contributions: $7,841,217
Total income / additions: $10,771,848

Expenses & distributions

Benefits paid: $2,425,963
Administrative expenses: $68,457
Total expenses: $2,494,420
Net increase / (decrease): $8,277,428

Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)

33%67%

Employer 33%Participant 67%

Total expenses ÷ net assets10%Computed ratio

Benefits paid ÷ total income23%Computed ratio

Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
Provider	Service	Direct comp.	Indirect comp.	Year
Principal Life Insurance Company	CONTRACT ADMINISTRATOR	$68,456	$0	2023
Raymond James Financial Svc Adv	INVESTMENT ADVISORY	$0	$45,833	2023