Plan Ledger DOL Form 5500 · updated monthly

American Heritage Bank401(k)

AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST · SAPULPA, OK · plan year 2024

Reported admin expense ratio · 2024
0.09%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

American Heritage Bank reported $19,179 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,350 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.03% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 226th-largest of 724 plans among Oklahoma employers on file, and 2,876th of 4,798 in finance & insurance. In 2024, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,383,118
Participants with balances302
Active participants260
Employer contributions$611,012
Employee contributions$969,937
Employer contribution per active participant$2,350
Average account balance$74,116
Benefits paid to participants$3,015,412
Plan auditUnmodified (clean) audit opinion
AuditorFINLEY & COOK PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$22.4M · 302 accts · $611K emplr
2023$21.5M · 298 accts · $608K emplr
2022$19.1M · 320 accts · $592K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,179
Total administrative$19,179
The American Heritage Bank 401(k) match · 2024
Employer contribution per active participant$2,350
Median for plans this size$2,416
2024$2,350 per active participant
2023$2,270 per active participant
2022$2,209 per active participant

American Heritage Bank's 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$19,179

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$19,179 · 0.09%
2023$5,875 · 0.03%
2022$5,356 · 0.03%
Similar plansFinance & Insurance · Oklahoma
Fnb Community Bank OK$23.5M · 0.28%
Vision Bank OK$21.8M · 0.48%
Gaming Capital Group LLC OK$21.6M · 0.39%
Oklahoma's Credit Union OK$20.6M · 0.25%
Firstar Financial Corp. OK$18.9M · 0.07%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 730126720 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.