LONE STAR NATIONAL BANCSHARES-TEXAS, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/401(K) PROVISIONS

At the end of 2022, the total retirement plan assets of LONE STAR NATIONAL BANCSHARES-TEXAS, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/401(K) PROVISIONS is $28,318,562.This plan was established in 1994.

At the end of 2022, the total number of retirement plan participants in LONE STAR NATIONAL BANCSHARES-TEXAS, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/401(K) PROVISIONS is 872

In 2022, the average participant retirement account value for LONE STAR NATIONAL BANCSHARES-TEXAS, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/401(K) PROVISIONS is $32,475

In 2022, the estimated average employee contribution amount per participant for LONE STAR NATIONAL BANCSHARES-TEXAS, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/401(K) PROVISIONS is $1,755

In 2022, the estimated average employer match for an employee in LONE STAR NATIONAL BANCSHARES-TEXAS, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/401(K) PROVISIONS is approximately $642

In 2022, LONE STAR NATIONAL BANCSHARES-TEXAS, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/401(K) PROVISIONS allocates $560,424 to match its employees’ contributions, providing an employer match rate of 37.17% of their contributions

In 2022, the total retirement plan asset growth rate of LONE STAR NATIONAL BANCSHARES-TEXAS, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/401(K) PROVISIONS is -4.56%

In 2022, the estimated aggregate retirement account investment gain/loss for LONE STAR NATIONAL BANCSHARES-TEXAS, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/401(K) PROVISIONS is -3.79%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LONE STAR NATIONAL BANCSHARES-TEXAS, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/401(K) PROVISIONS is 0.37%.

Enrollment Features

LONE STAR NATIONAL BANCSHARES-TEXAS, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/401(K) PROVISIONS has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.