Plan Ledger DOL Form 5500 · updated monthly

Olney Bancshares of Texas, Inc.401(k)

OLNEY BANCSHARES OF TEXAS, INC. EMPLOYEES 401(K) RETIREMENT PLAN AND TRUST · OLNEY, TX · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Olney Bancshares of Texas, Inc. reported $150,038 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $4,901 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 0.35% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,075th-largest of 5,688 plans among Texas employers on file, and the 1,697th of 4,798 in finance & insurance. In 2024, the employer put in $1.20 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$48,980,109
Participants with balances534
Active participants524
Employer contributions$2,568,306
Employee contributions$2,143,553
Employer contribution per active participant$4,901
Average account balance$91,723
Benefits paid to participants$5,082,338
Plan auditUnmodified (clean) audit opinion
AuditorHOGAN TAYLOR
Plan history3
Yearassets · accounts · employer contribution
2024$49.0M · 534 accts · $2.6M emplr
2023$44.2M · 540 accts · $2.1M emplr
2022$36.9M · 523 accts · $2.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,622
Investment management$71,318
Audit (IQPA)$20,500
Total administrative$150,038
The Olney Bancshares of Texas, Inc. 401(k) match · 2024
Employer contribution per active participant$4,901
Median for plans this size$2,416
2024$4,901 per active participant
2023$3,955 per active participant
2022$5,436 per active participant

Olney Bancshares of Texas, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20245
EXENCIAL WEALTH ADVISORS LLC · Investment advisory (plan)$45,000
EMPOWER ADVISORY GROUP, LLC · Investment management$26,318
HOGANTAYLOR LLP · Accounting / audit$20,500
MCAFEE & TAFT · Legal$1,598

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

Administrative cost history3
2024$150,038 · 0.32%
2023$137,020 · 0.34%
2022$138,447 · 0.35%
Same employer
Similar plansFinance & Insurance · Texas
Affinipay LLC TX$51.6M · 0.21%
Quantlab Financial, LLC TX$50.8M · 0.01%
Eecu TX$48.3M · 0.15%
Plains Bancorp, Inc. TX$47.0M · 0.05%
Inwood National Bank TX$46.7M · 0.26%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 752534536 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.