Plan Ledger DOL Form 5500 · updated monthly

Citizens National Bank of Texas401(k)

CITIZENS NATIONAL BANK OF TEXAS EMPLOYEE SAVINGS PLAN · WAXAHACHIE, TX · plan year 2022

Reported admin expense ratio · 2022
0.26%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Citizens National Bank of Texas reported $80,283 in plan administrative expenses for 2022: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,599 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,517th-largest of 5,688 plans among Texas employers on file, and the 2,390th of 4,798 in finance & insurance. In 2022, employees put in $2.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,684,480
Participants with balances236
Active participants188
Employer contributions$488,595
Employee contributions$1,280,895
Employer contribution per active participant$2,599
Average account balance$130,019
Benefits paid to participants$1,504,923
Plan auditUnmodified (clean) audit opinion
AuditorFOX BYRD AND COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$28.1M · 217 accts · $586K emplr
2023$29.7M · 231 accts · $555K emplr
2022$30.7M · 236 accts · $489K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$51,868
Investment management$28,415
Total administrative$80,283
The Citizens National Bank of Texas 401(k) match · 2022
Employer contribution per active participant$2,599
Median for plans this size$2,266
2024$3,099 per active participant
2023$2,924 per active participant
2022$2,599 per active participant

Citizens National Bank of Texas's 2022 employer contribution ran above the $2,266 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$72,002 · 0.25%
2023$80,289 · 0.27%
2022$80,283 · 0.26%
Same employer
Similar plansFinance & Insurance · Texas
Gunvor USA, LLC TX$31.4M · 0.01%
Nova 401K Associates TX$31.2M · 0.04%
Onethirtyone LLC TX$31.0M · 0.09%
Bbg, Inc. TX$30.9M · 0.20%
Silver Ventures, Inc. TX$28.6M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 750187771 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.