401(k) · DOL Form 5500 · 2023

Woodforest Financial Group, Inc. 401(k) Plan

Data updated 2026-08-11

$505M
Total assets: 3,476
Participants: 97th
Percentile by assets: $145,420
Avg per participant

Official DOL plan name: Woodforest Financial Group, Inc. Employee Stock Ownership Plan · Sponsored by Woodforest Financial Group, Inc. · Texas · Management of Enterprises

$505M in assets, 3,476 participants

Woodforest Financial Group, Inc.'s Woodforest Financial Group, Inc. Employee Stock Ownership Plan reported $505M in total assets and 3,476 participants in its 2023 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

97th percentile by assets (of 127,072 plans)
#1,028 in Management of Enterprises (1,137 peers)

Coverage in Texas

Woodforest Financial Group, Inc. Employee Stock Ownership Plan covers 3,476 participants in Texas, 5.1x the typical Texas plan (state average ~688 per filing). Assets: $505M.

$505M
total plan assets (2023 EOY): 3,476
covered participants: 97th
percentile by assets (of 127,072 plans): $145,420
avg assets per participant

The plan reported a net loss of $360K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Woodforest Financial Group, Inc. Employee Stock Ownership Plan reported net income rose from -$14M in the plan year 2022 filing to -$360K in the plan year 2023 filing.
Woodforest Financial Group, Inc. Employee Stock Ownership Plan reported participants rose from 3,408 in the plan year 2022 filing to 3,476 in the plan year 2023 filing.
Woodforest Financial Group, Inc. Employee Stock Ownership Plan end-of-year assets fell from $506M in the plan year 2022 filing to $505M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Texas

Industry

Management of Enterprises

Participants vs Texas filers

In Texas, the average filing covers about 688 participants across 10,116 plans. Woodforest Financial Group, Inc. Employee Stock Ownership Plan reports 3,476 participants - 5.1x that state average ($505M EOY assets).

Texas filing particulars

Total Assets (Beginning of Year)	$506M
Net Assets (End of Year)	$505M
Net Income	-$360K
Employer EIN	760163373
Plan Effective Date	1981-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Woodforest Financial Group, Inc.)

Total plan assets by year, all Woodforest Financial Group, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	1	3,408	$506M
2023	1	3,476	$505M
2024	1	4,504	$499M

Nearby 401(k) Plans in Texas

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Woodforest Financial Group, Inc. Employee Stock Ownership Plan vs. nearby 401(k) plans in Texas, assets vs. participants

AT&T Retirement Savings Plan $40.0B · 119,854
Exxonmobil Savings Plan $21.9B · 23,477
Caterpillar 401(k) Savings Plan $16.5B · 41,679
American Airlines, Inc. 401(k) Plan $14.7B · 88,792
Dell Inc. 401(k) Plan $13.5B · 45,686

Compare Woodforest Financial Group, Inc. Employe… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Woodforest Financial Group, Inc. Employee Stock Ownership Plan by total assets, not by location.

Twilio 401(k) Plan (CA) $505M · 4,684
Ovintiv U.S. Retirement Plan (CO) $506M · 1,008
Cargill Investment Plan (MN) $505M · 10,739
Fulton Financial Corporation 401(k) Retirement Plan (PA) $505M · 3,362

Frequently Asked Questions

How did Woodforest Financial Group, Inc. Employee Stock Ownership Plan assets move in 2023? ▼

Woodforest Financial Group, Inc. Employee Stock Ownership Plan held essentially flat - down 0.1% during 2023, from $506M to $505M. Reported net income was -$360K.

How have Woodforest Financial Group, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Woodforest Financial Group, Inc.'s sponsor-wide assets declined 1.4%, from $506M to $499M.

Where does Woodforest Financial Group, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

Woodforest Financial Group, Inc. Employee Stock Ownership Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).

Which 401(k) plans are similar in size to Woodforest Financial Group, Inc. Employee Stock Ownership Plan? ▼

Among 401(k) plans in other states, the closest by assets is Twilio 401(k) Plan in CA ($505M, 4,684 participants).

Next read for Woodforest Financial Group, Inc. Employe…

Filing takeaways

Ways to act on Woodforest Financial Group, Inc. Employee Stock Ownership Plan's numbers.

By total assets, Woodforest Financial Group, Inc. Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Texas. Compare plans
Woodforest Financial Group, Inc.'s sponsor-wide assets have declined 1.4% since 2022 across 3 plan years on file. More Management of Enterprises plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 760163373.