Plan Ledger DOL Form 5500 · updated monthly

Bob Mills Furniture Company LLC401(k)

BOB MILLS FURNITURE CO. LLC 401(K) PSP · OKLAHOMA CITY, OK · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Bob Mills Furniture Company LLC reported $64,579 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $585 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 fell from 0.62% to 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 349th-largest of 724 plans among Oklahoma employers on file, and 2,582nd of 4,246 in wholesale trade. In 2024, employees put in $5.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,885,725
Participants with balances498
Active participants390
Employer contributions$228,131
Employee contributions$1,186,529
Employer contribution per active participant$585
Average account balance$25,875
Benefits paid to participants$418,389
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 498 accts · $228K emplr
2023$10.6M · 434 accts · $210K emplr
2022$8.7M · 488 accts · $230K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,168
Investment management$26,644
Audit (IQPA)$8,768
Total administrative$64,579
The Bob Mills Furniture Company LLC 401(k) match · 2024
Employer contribution per active participant$585
Median for plans this size$2,416
2024$585 per active participant
2023$671 per active participant
2022$649 per active participant

Bob Mills Furniture Company LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$29,168
ACCESS FINANCIAL RESOURCES INC · Investment advisory (plan)$26,644
EDIE BAILLY LLP · Accounting / audit$8,768

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$64,579 · 0.55%
2023$52,818 · 0.55%
2022$56,706 · 0.62%
Same employer
Similar plansWholesale Trade · Oklahoma
Orange Power Group, LLC OK$16.1M · 0.22%
Jd Young Company, Inc. OK$11.1M · 0.18%
Rl Hudson & Company OK$10.6M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 730801143 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.