Retirement plan

THE AMERICAN NATIONAL BANK OF TEXAS 401(K) PROFIT SHARING PLAN

Name: THE AMERICAN NATIONAL BANK OF TEXAS - THE AMERICAN NATIONAL BANK OF TEXAS 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: THE AMERICAN NATIONAL BANK OF TEXAS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE AMERICAN NATIONAL BANK OF TEXAS 401(K) PROFIT SHARING PLAN, THE AMERICAN NATIONAL BANK OF TEXAS

THE AMERICAN NATIONAL BANK OF TEXASEIN 75-1747054Plan #002PY 2016

102 W MOORE AVE - TERRELL, TX 75160972-524-3411anbtx.comLinkedIn201-500 employeesbanking

Other plans on this EIN

1 filing

#003Retirement-$24.0M assets

Prospect flagsLow returnsHigh cash

Top hat statement on fileNQDC

Filed August 8, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$41.3M

-30.4% from 2015

Total participants

616

-21.7% from 2015

Average account balance

$82,435

-3.1% from 2015

Annual return

-30.30%

-30.41 pp from 2015

Benchmarks

See 1,433 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,433 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$68.53M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

596

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.

79.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.19M

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

+12.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL INSURANCE CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$35,319
BLUE CHIP RETIREMENT PLANS, INC.1 year Filed as: BLUE RIDGE ESOP ASSOCIATES Service code 13 · EIN 13-4238973	Contract Administrator	$19,250
JP MORGAN INVESTMENT MANAGEMENT INC2+ years Filed as: MEEDER INVESTMENT MANAGEMENT Service code 26 · EIN 31-1332744 6125 MEMORIAL DRIVE · DUBLIN, OH 43017	Advisory (Participants)	$12,697
WHITLEY PENN LLP1 year Service code 10 · EIN 75-2393478	Accounting	$11,590
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$7,116
NATIONAL BENEFIT SERVICES, LLC1 year Filed as: NATIONAL BENEFIT SERVICES LLC Service code 26 · EIN 20-3886993 8523 SOUTH REDWOOD ROAD · WEST JORDAN, UT 84088	Advisory (Participants)	$3,895
WINSTEAD PC2+ years Filed as: WINSTEAD Service code 29 2728 NORTH HARWOOD STREET · DALLAS, TX 75201	Legal	$1,888

Plan features & details

Pension benefit codes2E2J2K2F2G2R3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$90K

$164 / participant

Contract admin$90K100.0%

% of EOY assets

0.217%

all-in expense ratio

Categories reported

1 / 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: WHITLEY PENN LLP
Auditor EIN: 752393478
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,435

$71,802+14.8%

$133,975-38.5%

$57,658+43.0%

Participation rate

79.0%

85.5%-6.5pp

87.1%-8.1pp

70.2%+8.7pp

Annual return

-30.30%

13.51%-43.8pp

29.29%-59.6pp

5.13%-35.4pp

Employer contribution / active EE

$2,206

$3,161-30.2%

$5,211-57.7%

$1,974+11.8%

Participant deferral / active EE

$4,208

$4,606-8.6%

$6,282-33.0%

$3,061+37.5%

Admin fee / account holder

$179

$88+104.1%

$9,324-98.1%

$95+89.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL INSURANCE CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$35,319

BLUE CHIP RETIREMENT PLANS, INC.1 year

Filed as: BLUE RIDGE ESOP ASSOCIATES

Service code 13 · EIN 13-4238973

Contract Administrator

$19,250

JP MORGAN INVESTMENT MANAGEMENT INC2+ years

Filed as: MEEDER INVESTMENT MANAGEMENT

Service code 26 · EIN 31-1332744

6125 MEMORIAL DRIVE · DUBLIN, OH 43017

Advisory (Participants)

$12,697

WHITLEY PENN LLP1 year

Service code 10 · EIN 75-2393478

Accounting

$11,590

NATIONWIDE2+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$7,116

NATIONAL BENEFIT SERVICES, LLC1 year

Filed as: NATIONAL BENEFIT SERVICES LLC

Service code 26 · EIN 20-3886993

8523 SOUTH REDWOOD ROAD · WEST JORDAN, UT 84088

Advisory (Participants)

$3,895

WINSTEAD PC2+ years

Filed as: WINSTEAD

Service code 29

2728 NORTH HARWOOD STREET · DALLAS, TX 75201

Legal

$1,888

THE AMERICAN NATIONAL BANK OF TEXAS 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE AMERICAN NATIONAL BANK OF TEXAS 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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