Plan Ledger DOL Form 5500 · updated monthly

West Tennessee Bancshares, Inc.401(k) + ESOP (KSOP)

WEST TENNESSEE BANCSHARES, INC. 401(K) EMPLOYEE STOCK OWNERSHIP PLAN · BARTLETT, TN · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

West Tennessee Bancshares, Inc. reported $29,852 in plan administrative expenses for 2024: 0.44% of average plan assets, below the peer median. Employer contributions averaged $1,403 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 0.01% to 0.44%. 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 Tennessee (964th of 1,496), and 4,283rd of 4,798 in finance & insurance. In 2024, employees put in $1.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,970,427
Participants with balances130
Active participants106
Employer contributions$148,713
Employee contributions$219,318
Employer contribution per active participant$1,403
Average account balance$53,619
Benefits paid to participants$715,290
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 130 accts · $149K emplr
2023$6.7M · 125 accts · $95K emplr
2022$6.4M · 120 accts · $223K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,148
Investment management$1,704
Total administrative$29,852
The West Tennessee Bancshares, Inc. 401(k) match · 2024
Employer contribution per active participant$1,403
Median for plans this size$1,313
2024$1,403 per active participant
2023$841 per active participant
2022$2,119 per active participant

West Tennessee Bancshares, Inc.'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.

Administrative cost history3
2024$29,852 · 0.44%
2023$3,271 · 0.05%
2022$1,025 · 0.01%
Similar plansFinance & Insurance · Tennessee
Reliance Partners, LLC TN$9.6M · 0.06%
Nephila Advisors, LLC TN$6.0M · 0.01%
Apex Bank TN$5.4M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621155158 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.