Retirement plan

TEXAS GULF BANCSHARES, INC. EMPLOYEE SAVINGS PLAN

Name: TEXAS GULF BANCSHARES, INC. - TEXAS GULF BANCSHARES, INC. EMPLOYEE SAVINGS PLAN (2017) 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 2017

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$15.5M

+20.8% from 2016

Total participants

130

-7.1% from 2016

Average account balance

$120,206

+30.1% from 2016

Annual return

17.93%

+9.49 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

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 3 by compensation

Provider	Service type	Compensation
HARPER & PEARSON COMPANY, P.C.3+ years Service code 99 · EIN 74-1695589	Other Fees	$12,570
VOYA RETIREMENT INSURANCE & ANNUITY3+ years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$9,700
MBG RETIREMENT1 year Service code 99 · EIN 76-0392127	Other Fees	$6,241

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

$22K

$199 / participant

Other / not subdivided$22K100.0%

% of EOY assets

0.144%

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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,206

$89,739+34.0%

$149,721-19.7%

$62,293+93.0%

Participation rate

99.1%

85.1%+14.0pp

87.1%+12.0pp

69.5%+29.6pp

Annual return

17.93%

21.01%-3.1pp

1501.67%-1483.7pp

28.90%-11.0pp

Employer contribution / active EE

$3,976

$3,233+23.0%

$5,444-27.0%

$2,042+94.7%

Participant deferral / active EE

$5,409

$4,797+12.8%

$6,568-17.6%

$3,169+70.7%

Admin fee / account holder

$173

$551-68.7%

$11,282-98.5%

$479-64.0%

Provider

Service type

Compensation

HARPER & PEARSON COMPANY, P.C.3+ years

Service code 99 · EIN 74-1695589

Other Fees

$12,570

VOYA RETIREMENT INSURANCE & ANNUITY3+ years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$9,700

MBG RETIREMENT1 year

Service code 99 · EIN 76-0392127

Other Fees

$6,241

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