Products July 22, 2008

TX Bank Releases Small Business 401(k) Product

July 22, 2008 (PLANSPONSOR.com) - The American National Bank of Texas (ANB), of Rockwall, Texas, has introduced a 401(k) plan aimed at small business customers.

Reported by

Fred Schneyer

YOUR kPlan is offered through the ANB Wealth Management Group ‘ s Trust Division, according to an announcement.ANB ‘ s Trust Division serves as named trustee, sponsor, and fiduciary of the plan, providing oversight and monitoring the investments to ensure compliance with (Employee Retirement Income Security Act) ERISA, (Department of Labor) DoL, and (Internal Revenue Service) IRS regulations and requirements.

Investments will be offered through Nationwide Financial. Participants can also opt for professional asset management by Portfolio Strategies Inc., according to the announcement.

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The annual recordkeeping expenses for YOUR kPlan is $250.

For more information, go to www.yourkplan.com .