Plan Ledger DOL Form 5500 · updated monthly

Kleberg Bank, N.A.401(k)

KLEBERG BANK, N.A. 401(K) PLAN · KINGSVILLE, TX · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Kleberg Bank, N.A. reported $35,004 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $3,567 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 2 years on file its reported administrative ratio fell from 0.27% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 2,443rd-largest of 5,688 plans among Texas employers on file, and 492nd of 786 in management of companies. In 2024, employees put in $1.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,845,150
Participants with balances161
Active participants129
Employer contributions$460,097
Employee contributions$596,660
Employer contribution per active participant$3,567
Average account balance$92,206
Benefits paid to participants$1,115,924
Plan auditUnmodified (clean) audit opinion
AuditorCOLLIER,JOHNSON & WOODS,P.C
Plan history3
Yearassets · accounts · employer contribution
2024$14.8M · 161 accts · $460K emplr
2023$13.3M · 157 accts · $441K emplr
2022$11.0M · 168 accts · $402K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,492
Investment management$15,512
Total administrative$35,004
The Kleberg Bank, N.A. 401(k) match · 2024
Employer contribution per active participant$3,567
Median for plans this size$2,416
2024$3,567 per active participant
2023$3,674 per active participant
2022$3,245 per active participant

Kleberg Bank, N.A.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
SCHWAB RETIREMENT PLAN SERVICES INC · Recordkeeping · Investment advisory (participants)$20,079
MARCADO ASSET MANAGEMENT LLC · Investment management$15,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$35,004 · 0.25%
2023$32,155 · 0.26%
2022$32,183 · 0.27%
Similar plansManagement of Companies · Texas
Woodbolt Distribution, LLC TX$18.2M · 0.51%
Oci Enterprises Inc. TX$17.9M · 0.56%
Bt Holdings, Inc. TX$16.0M · 0.26%
First Texas Bancorp, Inc. TX$14.7M · 0.03%
Eyesight Holding Co., LLC TX$12.4M · 1.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 740726853 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.