Texas Community Bank Employees 401k Profit Sharing Plan — Form 5500 plan (Texas Community Bank)
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, Texas Community Bank Employees 401k Profit Sharing Plan is a benefit plan reported by Texas Community Bank under EIN 74-2231534 and plan number 001. The latest loaded filing year is 2023. The filing reports 232 participants and $5,831,651 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Texas Community Bank
- EIN
- 74-2231534
- Plan number
- 001
- Plan type
- 2
- Location
- Laredo, TX
- Latest filing year
- 2023
- Participants
- 232
- End-of-year plan assets
- $5,831,651
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 232 | H, C | 20240726152212NAL0016255521001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $5,831,651
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,831,651
- Net assets (BOY)
- $5,280,033
Income & contributions
- Employer contributions
- $0
- Participant contributions
- $352,904
- Total contributions
- $379,904
- Total income / additions
- $1,195,206
Expenses & distributions
- Benefits paid
- $627,154
- Administrative expenses
- $958
- Total expenses
- $643,588
- Net increase / (decrease)
- $551,618
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| American United Life Insurance Co | NONE | $2,383 | $25,404 | 2023 |