Plan Ledger DOL Form 5500 · updated monthly

Balon Corporation401(k)

BALON CORPORATION 401(K) PLAN AND TRUST · OKLAHOMA CITY, OK · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Balon Corporation reported $57,725 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,013 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 0.05% to 0.06%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 55th-largest of 724 plans among Oklahoma employers on file, and the 1,824th of 13,661 in manufacturing. In 2024, employees put in $2.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$106,304,885
Participants with balances1,176
Active participants1,098
Employer contributions$2,209,822
Employee contributions$5,747,841
Employer contribution per active participant$2,013
Average account balance$90,395
Benefits paid to participants$8,583,064
Plan auditUnmodified (clean) audit opinion
AuditorPICKETT, CHANNEY & MCMULLEN LLP
Plan history3
Yearassets · accounts · employer contribution
2024$106.3M · 1,176 accts · $2.2M emplr
2023$95.5M · 1,148 accts · $2.2M emplr
2022$81.0M · 1,073 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,046
Total administrative$57,725
The Balon Corporation 401(k) match · 2024
Employer contribution per active participant$2,013
Median for plans this size$3,635
2024$2,013 per active participant
2023$2,206 per active participant
2022$2,009 per active participant

Balon Corporation's 2024 employer contribution ran below the $3,635 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 · 20242
TRISTAR PENSION CONSULTING · Contract administrator · Other services$34,233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$23,491

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$57,725 · 0.06%
2023$48,838 · 0.06%
2022$45,124 · 0.05%
Same employer
Similar plansManufacturing · Oklahoma
Td Williamson, Inc OK$127.5M · 0.09%
Kaiser-Francis Oil Company OK$115.9M · 0.01%
Moore, a Series OK$113.4M · 0.20%
Webco Industries, Inc. OK$99.8M · 0.10%
Kimray, Inc. OK$99.5M · 2.17%
The Bama Companies, Inc. OK$78.2M · 0.31%
Gemini Industries, Inc. OK$76.3M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 730745177 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.