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| Provider | Service type | Compensation |
|---|---|---|
TEXAS BANK AND TRUST5 years Filed as: TEXAS BANK AND TRUST COMPANY Service code 15 · EIN 75-0962666 1800 NW LOOP 291 · LONGVIEW, TX 75604 | Recordkeeping | $32,346 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $84,221 | $89,123-5.5% | $102,460-17.8% | $77,762+8.3% |
| Participation rate | 46.0% | 80.9%-34.9pp | 76.5%-30.5pp | 70.6%-24.5pp |
| Annual return | 19.61% | 25.05%-5.4pp | 29.47%-9.9pp | 31.27%-11.7pp |
| Employer contribution / active EE | $1,822 | $2,700-32.5% | $3,025-39.8% | $2,728-33.2% |
| Participant deferral / active EE | $3,181 | $5,148-38.2% | $5,056-37.1% | $4,651-31.6% |
| Admin fee / account holder | $206 | $236-12.6% | $9,460-97.8% | $433-52.4% |