Retirement plan

TEXAS GULF BANCSHARES, INC. EMPLOYEE SAVINGS PLAN

Name: TEXAS GULF BANCSHARES, INC. - TEXAS GULF BANCSHARES, INC. EMPLOYEE SAVINGS PLAN (2016) Form 5500
Creator: TEXAS GULF BANCSHARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEXAS GULF BANCSHARES, INC. EMPLOYEE SAVINGS PLAN, TEXAS GULF BANCSHARES, INC.

TEXAS GULF BANCSHARES, INC.EIN 74-1774826Plan #001PY 2016

1030 DIXIE DRIVE - CLUTE, TX 77531979-297-7211

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$12.8M

+10.2% from 2015

Total participants

140

-0.7% from 2015

Average account balance

$92,366

+11.0% from 2015

Annual return

8.44%

+8.01 pp from 2015

Benchmarks

See 2,214 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,214 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$27.87M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$206K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

135

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.42%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$751

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
HARPER & PEARSON COMPANY, P.C.2+ years Service code 99 · EIN 74-1695589	Other Fees	$12,750
VOYA RETIREMENT INSURANCE & ANNUITY2+ years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$4,226

Plan features & details

Pension benefit codes2E2G2J3D2F

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$6K

$53 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.046%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HARPER & PEARSON COMPANY P.C.
Auditor EIN: 741695589
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,366

$74,089+24.7%

$133,975-31.1%

$55,167+67.4%

Participation rate

99.1%

84.3%+14.8pp

87.1%+12.1pp

69.0%+30.1pp

Annual return

8.44%

12.11%-3.7pp

29.29%-20.9pp

169.23%-160.8pp

Employer contribution / active EE

$3,084

$3,064+0.7%

$5,211-40.8%

$1,963+57.1%

Participant deferral / active EE

$5,230

$4,678+11.8%

$6,282-16.7%

$3,054+71.2%

Admin fee / account holder

$43

$458-90.7%

$9,324-99.5%

$504-91.5%

Provider

Service type

Compensation

HARPER & PEARSON COMPANY, P.C.2+ years

Service code 99 · EIN 74-1695589

Other Fees

$12,750

VOYA RETIREMENT INSURANCE & ANNUITY2+ years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$4,226

TEXAS GULF BANCSHARES, INC. EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEXAS GULF BANCSHARES, INC. EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion