Plan Ledger DOL Form 5500 · updated monthly

South Plains Financial, Inc.ESOP

SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN · LUBBOCK, TX · plan year 2022

Reported admin expense ratio · 2022
0.05%

South Plains Financial, Inc. reported $38,924 in plan administrative expenses for 2022: 0.05% of average plan assets, lower than ~75% of peers. 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.

The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other finance & insurance employers. By assets it is the 810th-largest of 5,688 plans among Texas employers on file, and the 1,253rd of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$73,601,636
Participants with balances758
Active participants432
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$97,100
Benefits paid to participants$6,894,864
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$73.6M · 758 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$15,404
Investment management$8,519
Professional / advisory$15,001
Total administrative$38,924
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.

Recordkeeper by year2
2024EMPLOYEE INCENTIVE PLANS, INC.
2023EMPLOYEE INCENTIVE PLANS, INC.

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Administrative cost history2
2023Not separately reported
2022$38,924 · 0.05%
All plans at this employer2
SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
CITY BANK 401(K) PLAN401(k)
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 752453320 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.