Rio Bank Employee Stock Ownership And 401(K) Plan — Form 5500 plan (Rio Bank)
Plain-English plan 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, Rio Bank Employee Stock Ownership And 401(K) Plan is a benefit plan reported by Rio Bank under EIN 74-2331408 and plan number 001. The latest loaded filing year is 2023. The filing reports 231 participants and $10,953,181 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Rio Bank
- EIN
- 74-2331408
- Plan number
- 001
- Plan type
- 2
- Location
- Mcallen, TX
- Latest filing year
- 2023
- Participants
- 231
- End-of-year plan assets
- $10,953,181
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 231 | H, C | 20241010075624NAL0009815747001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,953,181
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,953,181
- Net assets (BOY)
- $9,244,222
Income & contributions
- Employer contributions
- $532,287
- Participant contributions
- $719,842
- Total contributions
- $1,283,514
- Total income / additions
- $2,321,912
Expenses & distributions
- Benefits paid
- $560,873
- Administrative expenses
- $52,080
- Total expenses
- $612,953
- Net increase / (decrease)
- $1,708,959
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $52,080 | $0 | 2023 |
| Lpl Financial LLC | OTHER SERVICES | $0 | $1,629 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |