The American National Bank of Texas 401(k) Review & Grade
The American National Bank of Texas 401(k) Profit Sharing Plan
Terrell, TXFinance & Insurance574 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,989Employer $ per active participant
$6,051Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$68.5MNet plan assets, end of year
$114,980Average balance per account
Score breakdown
- Employer generosity19.5 / 5039th percentile for employer $ per participant
- Low cost17.1 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score45 / 100 · Grade C
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 | 68th |
| Employee saving | 35th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- American National Bank of Texas put in about $2,989 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 | $1,715,868 |
| Participant (employee) contributions | $3,473,455 |
| Other contributions (incl. rollovers in) | $86,559 |
| Administrative expenses paid from the plan | $81,840 |
| Contract administrator fees | $31,147 |
| Investment advisory & management fees | $3,104 |
| Benefits paid out | $6,007,092 |
| Net assets, start / end of year | $61.8M / $68.5M |
| Active participants, start / end of year | 567 / 581 |
| Participants with account balances | 596 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Whitley Penn LLP |
Largest service providers (Schedule C)
| Empower Annuity Ins. Co. of America | $47,589 reported compensation |
| Blue Ridge Esop Associates | $31,147 reported compensation |
| Empower Advisory Group, LLC | $3,104 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015113521NAL0004427505001, received 2025-10-15, EIN 75-1747054, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.