Retirement plan

TEXAS GULF BANCSHARES, INC. EMPLOYEE SAVINGS PLAN

Name: TEXAS GULF BANCSHARES, INC. - TEXAS GULF BANCSHARES, INC. EMPLOYEE SAVINGS PLAN (2018) 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 2018

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$15.2M

-1.7% from 2017

Total participants

133

+2.3% from 2017

Average account balance

$117,222

-2.5% from 2017

Annual return

-3.65%

-21.59 pp from 2017

Benchmarks

See 2,193 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,193 peers

Snapshot2018

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
MBG RETIREMENT2 years Service code 99 · EIN 76-0392127	Other Fees	$39,467
BKD, LLP1 year Service code 99 · EIN 22-2000222	Other Fees	$13,484
VOYA RETIREMENT INSURANCE & ANNUITY4+ years Service code 26 · EIN 71-0294708	Advisory (Participants)	$5,939

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

$23K

$205 / participant

Other / not subdivided$23K100.0%

% of EOY assets

0.152%

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

$117,222

$79,523+47.4%

$140,019-16.3%

$56,287+108.3%

Participation rate

97.3%

85.7%+11.6pp

87.5%+9.8pp

69.9%+27.5pp

Annual return

-3.65%

2.39%-6.0pp

651.15%-654.8pp

-9.96%+6.3pp

Employer contribution / active EE

$4,455

$3,350+33.0%

$5,605-20.5%

$2,111+111.1%

Participant deferral / active EE

$5,966

$5,129+16.3%

$6,927-13.9%

$3,350+78.1%

Admin fee / account holder

$178

$614-71.0%

$10,705-98.3%

$521-65.8%

Provider

Service type

Compensation

MBG RETIREMENT2 years

Service code 99 · EIN 76-0392127

Other Fees

$39,467

BKD, LLP1 year

Service code 99 · EIN 22-2000222

Other Fees

$13,484

VOYA RETIREMENT INSURANCE & ANNUITY4+ years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$5,939

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