Retirement plan

VISTA BANCSHARES 401(K)PROFIT SHARING PLAN

Name: VISTA BANCSHARES, INC. - VISTA BANCSHARES 401(K)PROFIT SHARING PLAN (2024) Form 5500
Creator: VISTA BANCSHARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VISTA BANCSHARES 401(K)PROFIT SHARING PLAN, VISTA BANCSHARES, INC.

VISTA BANCSHARES, INC.EIN 75-1940062Plan #001PY 2024

1508 TEXAS AVE - LUBBOCK, TX 79401806-687-1508LinkedIn51-200 employeesbanking

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$16.4M

+14.8% from 2023

Total participants

250

+19.0% from 2023

Average account balance

$72,269

-6.5% from 2023

Annual return

11.64%

-2.77 pp from 2023

Benchmarks

See 2,174 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,174 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.41M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

227

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.

88.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$109

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC3 years Filed as: KESTRA INVESTMENT SERVICES, INC. Service code 55 · EIN 74-2794194 5707 SOUTHWEST PKWY · AUSTIN, TX 78735	Other Commissions	$25,967
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE CO AMER Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$25,819
PENSION ASSURANCE LLP1 year Filed as: KB PENSION SERVICES Service code 13	Contract Administrator	$7,625
PENSION ASSURANCE LLP6 years Filed as: KB PENSION SERVICES INC. Service code 13 · EIN 65-0721164 9423 TOWN CENTER PARKWAY · LAKEWOOD RANCH, FL 34202	Contract Administrator	$1,260

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$25K

$120 / participant

Recordkeeping$19K78.6%
Investment mgmt$4K16.3%
Contract admin$1K5.1%

% of EOY assets

0.151%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,269

$122,042-40.8%

$184,243-60.8%

$74,429-2.9%

Participation rate

88.8%

85.5%+3.3pp

86.8%+2.0pp

67.2%+21.6pp

Annual return

11.64%

19.91%-8.3pp

28.82%-17.2pp

1368.38%-1356.7pp

Employer contribution / active EE

$3,843

$4,538-15.3%

$6,427-40.2%

$2,625+46.4%

Participant deferral / active EE

$6,115

$7,143-14.4%

$9,132-33.0%

$4,348+40.6%

Admin fee / account holder

$109

$1,252-91.3%

$13,914-99.2%

$1,944-94.4%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC3 years

Filed as: KESTRA INVESTMENT SERVICES, INC.

Service code 55 · EIN 74-2794194

5707 SOUTHWEST PKWY · AUSTIN, TX 78735

Other Commissions

$25,967

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE CO AMER

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$25,819

PENSION ASSURANCE LLP1 year

Filed as: KB PENSION SERVICES

Service code 13

Contract Administrator

$7,625

PENSION ASSURANCE LLP6 years

Filed as: KB PENSION SERVICES INC.

Service code 13 · EIN 65-0721164

9423 TOWN CENTER PARKWAY · LAKEWOOD RANCH, FL 34202

Contract Administrator

$1,260

VISTA BANCSHARES 401(K)PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VISTA BANCSHARES 401(K)PROFIT SHARING 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