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| Provider | Service type | Compensation |
|---|---|---|
TEXAS BANK AND TRUST4 years Filed as: TEXAS BANK AND TRUST COMPANY Service code 15 · EIN 75-0962666 1800 NW LOOP 291 · LONGVIEW, TX 75604 | Recordkeeping | $27,220 |
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 | $83,313 | $76,112+9.5% | $96,534-13.7% | $71,511+16.5% |
| Participation rate | 48.0% | 74.4%-26.4pp | 76.0%-27.9pp | 67.9%-19.9pp |
| Annual return | 19.58% | 22.81%-3.2pp | 25.88%-6.3pp | 28.86%-9.3pp |
| Employer contribution / active EE | $2,022 | $2,248-10.0% | $2,965-31.8% | $2,589-21.9% |
| Participant deferral / active EE | $3,724 | $4,217-11.7% | $4,851-23.2% | $4,291-13.2% |
| Admin fee / account holder | $211 | $2,708-92.2% | $8,253-97.4% | $1,588-86.7% |