First Financial Bankshares, Inc. 401(k) Review & Grade
The First Financial Bankshares Inc 401k Profit Sharing and Employee Stock Ownership Plan & Trust
Abilene, TXFinance & Insurance1,513 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,966Employer $ per active participant
$4,400Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$360.0MNet plan assets, end of year
$150,809Average balance per account
Score breakdown
- Employer generosity45.1 / 5090th percentile for employer $ per participant
- Low cost18.5 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1516th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 74th |
| Employee saving | 16th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- First Financial Bankshares put in about $8,966 per active participant, more than the typical peer ($3,606). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $13,564,874 |
| Participant (employee) contributions | $6,657,004 |
| Other contributions (incl. rollovers in) | $809,802 |
| Administrative expenses paid from the plan | $342,018 |
| Contract administrator fees | $342,018 |
| Benefits paid out | $26,329,909 |
| Net assets, start / end of year | $319.9M / $360.0M |
| Active participants, start / end of year | 1,528 / 1,498 |
| Participants with account balances | 2,387 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Condley & Company |
| Employer stock held by plan | $71,126,501 |
Largest service providers (Schedule C)
| Leverage Retirement, Inc. | $231,979 reported compensation |
| Condley and Company, LLP | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013110608NAL0000516323001, received 2025-10-13, EIN 75-0944023, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.