Texas Bank and Trust Company 401(k) Review & Grade
Texas Bank and Trust Company Employee PS Plan and Trust
Longview, TXFinance & Insurance512 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,030Employer $ per active participant
$4,576Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$53.9MNet plan assets, end of year
$111,236Average balance per account
Score breakdown
- Employer generosity19.7 / 5039th percentile for employer $ per participant
- Low cost16.8 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 67th |
| Employee saving | 18th |
| Peers that auto-enroll | 62% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Texas Bank and Trust put in about $3,030 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,552,652 |
| Participant (employee) contributions | $2,345,422 |
| Other contributions (incl. rollovers in) | $156,526 |
| Administrative expenses paid from the plan | $67,855 |
| Benefits paid out | $5,364,461 |
| Net assets, start / end of year | $50.3M / $53.9M |
| Active participants, start / end of year | 521 / 504 |
| Participants with account balances | 485 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Gollob Morgan Peddy PC |
| Employer stock held by plan | $1,322,692 |
Largest service providers (Schedule C)
| Texas Bank and Trust | $67,960 reported compensation |
| Gollob Morgan Peddy PC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250728151241NAL0001009747001, received 2025-07-28, EIN 75-0962666, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.