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Company:
South Plains Financial, Inc.
Plan:
South Plains Financial, Inc. Employee Stock Ownership Plan
 

South Plains Financial, Inc.

67 Plan: South Plains Financial, Inc. Employee Stock Ownership Plan

 
 
67
33
69
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 18 point difference between this plan's BrightScope Rating (67) and the top rated plan (85) could equate to:
[How is this calculated?]
10 additional years of work
Up to $75,300 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

 

Retirement Plan Description

South Plains Financial, Inc. Employee Stock Ownership Plan is a defined contribution plan with a stock bonus component, 401k feature, and leveraged ESOP component. This plan has a BrightScope Rating of 67. This plan is in the top 15% of plans for Participation Rate. South Plains Financial, Inc. Employee Stock Ownership Plan currently has over 1,000 active participants and over $33.2M in plan assets.

 

 
Plan Component Ratings

 Retirement Plan Details

Address 5219 City Bank Parkway
Lubbock, TX 79407 
Industry Finance and Insurance
Administrator Rob Dean
Sponsor Cory Newsom
Net Plan Assets $33,200,000
Total Participants 1,000
Avg Account Balance $27,000

 Compare Other Companies in Peer Group

Noble Foundation 72.4
Central States SE & SW Areas... 71.5
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Joint Board of Trustees of... 61.2
Joint Board of Trustees... 57.0
Local 445 Annuity Fund 45.1

 Top 3 Funds in this 401k

1. South Plains Financial, Inc. Common Stock 57%
2. PIMCO Total Return 7%
3. Federated Total Return Government 5%

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Auditor Lam Vinson & Company, LLP

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