Plan Ledger DOL Form 5500 · updated monthly

Sabine, Bancshares, Inc.401(k)

SABINE BANCHSARES, INC. 401(K) PLAN · MANY, LA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Sabine, Bancshares, Inc. reported $12,378 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,120 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 rose from 0.059% to 0.063%. 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 250th-largest of 884 plans among Louisiana employers on file, and 435th of 786 in management of companies. In 2024, the employer put in $1.28 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$20,122,705
Participants with balances553
Active participants365
Employer contributions$773,669
Employee contributions$602,632
Employer contribution per active participant$2,120
Average account balance$36,388
Benefits paid to participants$2,720,070
Plan auditUnmodified (clean) audit opinion
AuditorHEARD MCELROY & VESTAL
Plan history3
Yearassets · accounts · employer contribution
2024$20.1M · 553 accts · $774K emplr
2023$19.1M · 530 accts · $728K emplr
2022$15.8M · 484 accts · $654K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,378
Total administrative$12,378
The Sabine, Bancshares, Inc. 401(k) match · 2024
Employer contribution per active participant$2,120
Median for plans this size$2,416
2024$2,120 per active participant
2023$1,999 per active participant
2022$1,733 per active participant

Sabine, Bancshares, Inc.'s 2024 employer contribution ran below 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 · 20241
AMERITAS LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$12,378

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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

Administrative cost history3
2024$12,378 · 0.06%
2023$10,835 · 0.06%
2022$10,259 · 0.06%
Similar plansManagement of Companies · Louisiana
Laitram LLC LA$614.1M · 0.01%
E.D. & F. Man Holdings, Inc. LA$117.0M · 0.04%
Crest Industries, LLC LA$68.2M · 0.09%
The Powell Group, L.L.C. LA$9.7M · 0.07%
Tmc, Inc. LA$7.8M · 0.07%
Capitol Companies, Inc. LA$2.3M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720959138 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.