Texas Bank 401(K) Plan — Form 5500 plan (Texas 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 Bank 401(K) Plan is a benefit plan reported by Texas Bank under EIN 75-1225814 and plan number 002. The latest loaded filing year is 2023. The filing reports 351 participants and $18,616,294 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Texas Bank
- EIN
- 75-1225814
- Plan number
- 002
- Plan type
- 2
- Location
- Brownwood, TX
- Latest filing year
- 2023
- Participants
- 351
- End-of-year plan assets
- $18,616,294
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 351 | H, C | 20241011082441NAL0010728467001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $18,616,294
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $18,616,294
- Net assets (BOY)
- $14,992,470
Income & contributions
- Employer contributions
- $858,845
- Participant contributions
- $1,334,927
- Total contributions
- $2,221,075
- Total income / additions
- $4,854,750
Expenses & distributions
- Benefits paid
- $1,133,844
- Administrative expenses
- $96,326
- Total expenses
- $1,230,926
- Net increase / (decrease)
- $3,623,824
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lincoln National Corporation | SERVICE PROVIDER | $84,326 | $0 | 2023 |
| Stovall, Grandey & Allen | AUDITOR | $12,000 | not reported in the loaded dataset | 2023 |