South Plains Financial, Inc. 401(k) Plan: Login, Facts & Contact Information

South Plains Financial, Inc. 401(k) Plan Facts

Plan name
CITY BANK 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SOUTH PLAINS FINANCIAL, INC.
Participants
812 (584 active employees)
Former employees with a balance
155
Plan assets
$50,207,650 at Dec 31, 2024
Average account balance
$81,111 across 619 accounts
Employer contributions
$1,744,886 in plan year 2024 (35% of all contributions)
Recordkeeper
Employee Incentive Plans, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
May 9, 2019
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 2, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.99 million went into the plan in contributions, $1.74 million of it from the employer (35%).
  • $5.77 million was paid out to participants.
  • Investment and other income added $6.06 million.
  • Administrative expenses were $312,257, about $504 per account.

How the South Plains Financial, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,151$28.2 million—$2.48 million
2020897$35.5 million$1.67 million$2.71 million
2021853$43.9 million$1.34 million$2.85 million
2022851$39.3 million$1.53 million$3.66 million
2023856$45.2 million$1.78 million$6.31 million
2024812$50.2 million$1.74 million$5.77 million

South Plains Financial, Inc. 401(k) Contact Information

Phone
806-792-7101
Mailing address
5219 CITY BANK PARKWAY, LUBBOCK TX 79407
Plan sponsor
SOUTH PLAINS FINANCIAL, INC.
Employer identification number (EIN)
75-2453320
Plan number
002

Questions about the South Plains Financial, Inc. 401(k)

Does South Plains Financial, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.74 million, 35% of all contributions.

Does the South Plains Financial, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the South Plains Financial, Inc 401(k) plan?

812 participants at the start of plan year 2024, 584 of them active employees, and 155 former employees who still had money in the plan.

What is the average 401(k) balance at South Plains Financial, Inc?

About $81,111 per account: $50.2 million in plan assets across 619 accounts with a balance at the end of plan year 2024.

Who manages the South Plains Financial, Inc 401(k) accounts?

EMPLOYEE INCENTIVE PLANS, INC. is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at South Plains Financial, Inc. How do I access my 401(k)?

Your account stays with EMPLOYEE INCENTIVE PLANS, INC. after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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