Plan Ledger DOL Form 5500 · updated monthly

Texas National Bank401(k)

TEXAS NATIONAL BANK 401(K) PLAN · EDINBURG, TX · plan year 2024

Reported admin expense ratio · 2024
0.77%

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

Texas National Bank reported $54,266 in plan administrative expenses for 2024: 0.77% of average plan assets, above the peer median. Employer contributions averaged $2,111 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 0.93% to 0.77%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Texas (3,411th of 5,688), and 4,185th of 4,798 in finance & insurance. In 2024, employees put in $2.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,867,309
Participants with balances161
Active participants152
Employer contributions$320,904
Employee contributions$683,373
Employer contribution per active participant$2,111
Average account balance$48,865
Benefits paid to participants$400,524
Plan auditUnmodified (clean) audit opinion
AuditorBURTON, MCCUMBER & LONGORIA, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 161 accts · $321K emplr
2023$6.2M · 151 accts · $300K emplr
2022$5.0M · 148 accts · $256K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,266
Total administrative$54,266
The Texas National Bank 401(k) match · 2024
Employer contribution per active participant$2,111
Median for plans this size$1,313
2024$2,111 per active participant
2023$2,100 per active participant
2022$1,813 per active participant

Texas National Bank's 2024 employer contribution ran above the $1,313 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$54,265
DELTA FINANCIAL INSURANCE BROKERAGE · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$54,266 · 0.77%
2023$42,307 · 0.76%
2022$45,308 · 0.93%
Same employer
Similar plansFinance & Insurance · Texas
Wellington State Bank TX$8.3M · 0.44%
Texell Credit Union TX$8.1M · 0.73%
Sure, Inc. TX$7.7M · 0.10%
First Community Bank TX$7.7M · 0.33%
Sente Mortgage TX$7.6M · 0.84%
American State Bank TX$7.6M · 1.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 740780455 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.