Woodforest Financial Group, Inc.401(k) + ESOP (KSOP)
WOODFOREST FINANCIAL GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN · THE WOODLANDS, TX · plan year 2022
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Woodforest Financial Group, Inc. reported $359,943 in plan administrative expenses for 2022: 0.07% of average plan assets, below the peer median. Employer contributions averaged $1,303 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 3 years on file its reported administrative ratio has held roughly steady near 0.072%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,568 comparable plans and shown alongside other management of companies employers. By assets it is the 202nd-largest of 5,688 plans among Texas employers on file, and the 82nd of 786 in management of companies. In 2022, employees put in $2.94 for every $1.00 the employer contributed.
Woodforest Financial Group, Inc.'s 2022 employer contribution ran below the $4,065 median for plans its size, in the bottom quarter of its peers. 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 760163373 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.