Retirement plan

FIRST SONORA BANCSHARES, INC. 401(K)EMPLOYEE STOCK OWNERSHIP PLAN

Name: FIRST SONORA BANCSHARES INC. - FIRST SONORA BANCSHARES, INC. 401(K)EMPLOYEE STOCK OWNERSHIP PLAN (2024) Form 5500
Creator: FIRST SONORA BANCSHARES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST SONORA BANCSHARES, INC. 401(K)EMPLOYEE STOCK OWNERSHIP PLAN, FIRST SONORA BANCSHARES INC.

FIRST SONORA BANCSHARES INC.EIN 75-0568556Plan #001PY 2024

102 N. MAIN STREET, PO BOX 798 - SONORA, TX 76950325-387-3861LinkedIn51-200 employeesinvestment management

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.7M

+1.5% from 2023

Total participants

171

+5.6% from 2023

Average account balance

$72,851

+2.1% from 2023

Annual return

14.26%

-5.02 pp from 2023

Benchmarks

See 2,180 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,180 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$11.73M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

161

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.

91.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$191

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
PENTEGRA SERVICES, INC.10+ years Service code 13 · EIN 13-3745616 701 WESTCHESTER AVENUE · WHITE PLAINS, NY 10604	Contract Administrator	$15,839
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO OF AM Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, OH 80111	Recordkeeping Fees	$15,330

Plan features & details

Pension benefit codes2E2F2G2J2K2O2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$31K

$254 / participant

Recordkeeping$31K100.0%

% of EOY assets

0.262%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WHITLEY PENN LLP,
Auditor EIN: 752393478
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,851

$122,239-40.4%

$184,200-60.4%

$74,546-2.3%

Participation rate

91.7%

85.5%+6.3pp

86.8%+4.9pp

67.2%+24.5pp

Annual return

14.26%

19.95%-5.7pp

28.80%-14.5pp

1366.03%-1351.8pp

Employer contribution / active EE

$5,397

$4,537+18.9%

$6,424-16.0%

$2,624+105.7%

Participant deferral / active EE

$3,968

$7,139-44.4%

$9,132-56.5%

$4,347-8.7%

Admin fee / account holder

$191

$1,260-84.9%

$13,907-98.6%

$1,944-90.2%

Provider

Service type

Compensation

PENTEGRA SERVICES, INC.10+ years

Service code 13 · EIN 13-3745616

701 WESTCHESTER AVENUE · WHITE PLAINS, NY 10604

Contract Administrator

$15,839

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO OF AM

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, OH 80111

Recordkeeping Fees

$15,330

FIRST SONORA BANCSHARES, INC. 401(K)EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST SONORA BANCSHARES, INC. 401(K)EMPLOYEE STOCK OWNERSHIP 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