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Benchmarking Hometown Bank, Na 401 (K) Profit Sharing Plan in Galveston, TX against all plans

 

Hometown Bank, Na 401 (K) Profit Sharing Plan in Galveston, TX has the 11th-lowest total administrative expense ratio (0.049%) among the 174 plans within 50 miles that are an ERISA section 404(c) plan and have 100 to 499 total participants. That 0.049% compares to an average of 0.490% across those 174 plans.

Beating the average of 0.490% means a savings of $25,635 in total administrative expenses.

Note: total administrative expense ratio =
(100 * total administrative expenses) ÷ total assets

Hometown Bank, Na 401 (K) Profit Sharing Plan has these standings among those 174 peer plans:

  • total administrative expense ratio = 0.049% (11th-lowest)

  • total administrative expenses = $2,883 (23rd-lowest)

  • total assets = $5,848,742 (65th-most)

Visualize

 
 

Peers

beat out by Powers Brown Architecture 401(K) Plan in Houston, TX (-0.081%), Texan Title Holdings, LLC 401(K) Profit Sharing Plan in Galveston, TX (0.000%), Fagioli PSC USA Inc 401(K) Plan in Manvel, TX (0.000%), and Alley Theatre 401k Retirement Plan in Houston, TX (0.008%), and 6 others, ending with Doosan Turbomachinery Services, Inc. 401(K) Plan in La Porte, TX (0.045%).

beat Tom Peacock Nissan/Cadillac, Inc. 401(K) Profit Sharing Plan in Houston, TX (0.052%), Cletex Retirement Fund in Channelview, TX (0.053%), Millar, Inc. 401(K) Plan in Houston, TX (0.054%), and Grayco Partners 401k Plan in Houston, TX (0.057%), and 159 others, ending with The Arbor Experts 401(K) Plan in Webster, TX (1.968%).

References

  1. an ERISA section 404(c) plan. An “ERISA section 404(c) Plan” is an individual account plan described in section 3(34) of the Act that: (i) provides an opportunity for a participant or beneficiary to exercise control over assets in his individual account, and (ii) provides a participant or beneficiary an opportunity to choose, from a broad range of investment alternatives, the manner in which some or all of the assets in his account are invested. Feature code 2F within Line 8a of Form 5500. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  2. total administrative expense ratio. Lower values are better. Total administrative expense ratio (as a percentage) equals total administrative expenses (Line 2i(5), Schedule H) divided by total assets (end of plan year; Line 1f(b) from Schedule H), times 100. To qualify for total administrative expense ratio, the number of total assets must be at least $50,000. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  3. total participants bracket. We partitioned total participants into eight brackets: 0-9, 10-24, 25-49, 50-99, 100-499, 500-999, 1000-4999, 5000-24999, and 25000 or more. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  4. within 50 miles.

    • The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
    • In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.

    Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.