Plan Ledger DOL Form 5500 · updated monthly

Republic First Bank401(k)

REPUBLIC BANK 401(K) & PROFIT SHARING PLAN · DALLAS, TX · plan year 2023

Reported admin expense ratio · 2023
0.34%

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

Republic First Bank reported $130,984 in plan administrative expenses for 2023: 0.34% of average plan assets, above the peer median. Employer contributions averaged $3,114 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 0.34% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,227th-largest of 5,688 plans among Texas employers on file, and the 1,937th of 4,798 in finance & insurance. In 2023, employees put in $2.07 for every $1.00 the employer contributed; active participation has shrunk from 567 to 439 since 2022.

Plan summary
Net assets, end of year$40,598,735
Participants with balances530
Active participants439
Employer contributions$1,367,024
Employee contributions$2,831,535
Employer contribution per active participant$3,114
Average account balance$76,601
Benefits paid to participants$6,539,727
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$36.3M · 429 accts · $488K emplr
2023$40.6M · 530 accts · $1.4M emplr
2022$36.1M · 592 accts · $1.5M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$124,989
Investment management$5,995
Total administrative$130,984
The Republic First Bank 401(k) match · 2023
Employer contribution per active participant$3,114
Median for plans this size$2,440
2023$3,114 per active participant
2022$2,601 per active participant

Republic First Bank's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
JOHN HANCOCK LIFE INS. CO. U.S.A. · Recordkeeping · Investment managementindirect comp
LEVY WEALTH MANAGEMENT GROUP, LLC · Investment advisory (plan)indirect comp
THE PARAGON ALLIANCE GROUP, LLC · Pension consultingindirect comp

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$91,262 · 0.24%
2023$130,984 · 0.34%
2022$133,190 · 0.34%
Same employer
Similar plansFinance & Insurance · Texas
Envoy Mortgage, LTD TX$41.2M · 0.22%
Third Coast Bank, Ssb TX$40.7M · 0.28%
Apex Capital Corp TX$38.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232479933 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.