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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 | $89,067-5.4% | $102,423-17.8% | $77,714+8.4% |
| Participation rate | 46.0% | 80.9%-34.9pp | 76.5%-30.5pp | 70.6%-24.5pp |
| Annual return | 19.61% | 25.01%-5.4pp | 29.42%-9.8pp | 31.26%-11.6pp |
| Employer contribution / active EE | $1,822 | $2,699-32.5% | $3,023-39.7% | $2,727-33.2% |
| Participant deferral / active EE | $3,181 | $5,147-38.2% | $5,054-37.1% | $4,649-31.6% |
| Admin fee / account holder | $206 | $236-12.5% | $9,455-97.8% | $433-52.4% |