Plan Ledger DOL Form 5500 · updated monthly

South Trust Bank, N.A.401(k)

SOUTH TRUST BANK 401(K) & PROFIT SHARING PLAN · GEORGE WEST, TX · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

South Trust Bank, N.A. reported $38,147 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $1,736 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 0.30% to 0.26%. 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 2,414th-largest of 5,688 plans among Texas employers on file, and 3,488th of 4,798 in finance & insurance. In 2024, employees put in $3.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,156,189
Participants with balances120
Active participants100
Employer contributions$173,560
Employee contributions$611,043
Employer contribution per active participant$1,736
Average account balance$126,302
Benefits paid to participants$1,768,546
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.2M · 120 accts · $174K emplr
2023$14.3M · 121 accts · $176K emplr
2022$13.2M · 116 accts · $163K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,147
Total administrative$38,147
The South Trust Bank, N.A. 401(k) match · 2024
Employer contribution per active participant$1,736
Median for plans this size$2,416
2024$1,736 per active participant
2023$1,694 per active participant
2022$1,642 per active participant

South Trust Bank, N.A.'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 · 20242
THE VANGUARD GROUP, INC. · Recordkeeping$13,147
KESTRA ADVISORY SERVICES. · Investment advisory (plan)$25,000

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$38,147 · 0.26%
2023$37,139 · 0.27%
2022$42,730 · 0.30%
Similar plansFinance & Insurance · Texas
Alliance Credit Union TX$15.6M · 0.40%
Interflex Payments, LLC TX$15.4M · 0.45%
Swnb Bancorp Inc TX$15.2M · 0.38%
Occunet, LLC TX$15.1M · 0.40%
Wallis Bank TX$15.0M · 0.15%
The Savings Group, Inc. TX$14.9M · 1.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 740642684 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.