Southside Bancshares 401(k) match, vesting and fees
What Southside Bancshares' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Ernst & Young LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 658 defined-contribution plans in finance and insurance with 500 to 999 participants.
| Southside Bancshares: employer contribution per participant | $2,408 | |
| Peer median | $2,935 |
| Southside Bancshares: average balance | $76,716 | |
| Peer median | $92,585 |
| Southside Bancshares: admin expenses ÷ assets | 0.12% | |
| Peer median | 0.15% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $65.3M at the end of plan year 2023 to $70.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 925 | $70.2M | $2.2M | $2,408 | 0.12% | Not published | Form 5500 ↗ |
| 2023 | 973 | $65.3M | $2.2M | $2,329 | 0.22% | Not published | Form 5500 ↗ |
Other Southside Bancshares plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Southside Bancshares, Inc. Employee Stock Ownership Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Henry & Peters, P.C. (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Retirement Plan for the Subsidiaries of Southside Bancshares, Inc.
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Henry & Peters, P.C. (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Southside Bancshares, Inc. Defined Benefit Pl for Former Employees of Omniamerican Bank
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Southside Bancshares match 401(k) contributions?
The match terms for the Savings Plan for the Subsidiaries of Southside Bancshares, Inc. have not been published from its filing yet. The plan year 2024 filing reports $2.2M in employer contributions, about $2,408 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Southside Bancshares 401(k) match vested?
The vesting schedule for the Savings Plan for the Subsidiaries of Southside Bancshares, Inc. is not in the data published so far. Your Summary Plan Description states it.
Who manages the Southside Bancshares 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Southside Bancshares, Inc..
I left Southside Bancshares. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Southside Bancshares, Inc., (903) 531-7111) or the recordkeeper, Principal Life Insurance Company. The Southside Bancshares old 401(k) page lists the contacts from every plan filing. Find an old Southside Bancshares 401(k)
Data from the public Form 5500 annual reports Southside Bancshares filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Southside Bancshares. Not financial advice. Report a correction · Methodology