2023 Form 5500 filing — Prosperity Bancshares, Inc. 401(K) Profit Sharing Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240723111331NAL0018094400001) for Prosperity Bancshares, Inc. 401(K) Profit Sharing Plan, reported by Prosperity Bancshares, Inc. under EIN 74-2331986 and plan number 001. It reports 4,319 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240723111331NAL0018094400001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Prosperity Bancshares, Inc.
- EIN
- 74-2331986
- Plan number
- 001
- Location
- Houston, TX
- Participants
- 4,319
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $323,720,338
- Total liabilities (EOY)
- $4
- Net assets (EOY)
- $323,720,334
- Employer contributions
- $6,086,856
- Participant contributions
- $16,551,605
- Total income / additions
- $64,329,554
- Benefits paid
- $35,013,477
- Administrative expenses
- $273,919
- Total expenses
- $35,575,739
- Net increase / (decrease)
- $28,753,815
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $162,764 | not reported in the loaded dataset |
| Nfp Retirement Inc | ADVISOR | $70,000 | not reported in the loaded dataset |
| Melton And Melton L.L.P | AUDITOR | $25,883 | not reported in the loaded dataset |
| Alliance Benefit Group Of Houston, | RECORDKEEPER | $15,250 | not reported in the loaded dataset |