Plan Ledger DOL Form 5500 · updated monthly

Callaway Security Banks, Inc.401(k) + ESOP (KSOP)

CALLAWAY SECURITY BANKS, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN · FULTON, MO · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Callaway Security Banks, Inc. reported $30,237 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,418 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 3 years on file its reported administrative ratio has held roughly steady near 0.26%. 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 among the smaller plans on file in Missouri (775th of 1,393), and 3,777th of 4,798 in finance & insurance. In 2024, employees put in $1.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,083,846
Participants with balances157
Active participants109
Employer contributions$263,547
Employee contributions$488,616
Employer contribution per active participant$2,418
Average account balance$76,967
Benefits paid to participants$1,519,946
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS MARZARS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.1M · 157 accts · $264K emplr
2023$11.4M · 166 accts · $279K emplr
2022$9.8M · 87 accts · $270K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,715
Investment management$27,522
Total administrative$30,237
The Callaway Security Banks, Inc. 401(k) match · 2024
Employer contribution per active participant$2,418
Median for plans this size$2,416
2024$2,418 per active participant
2023$2,470 per active participant
2022$2,266 per active participant

Callaway Security Banks, Inc.'s 2024 employer contribution ran above 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
FIDUCIARY ADVISORS · Investment advisory (plan)$27,522

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$30,237 · 0.26%
2023$27,251 · 0.26%
2022$29,774 · 0.27%
Same employer
Similar plansFinance & Insurance · Missouri
Jlb Corporation MO$12.8M · 0.47%
Maries County Bancorp, Inc. MO$12.8M · 0.40%
Hnb National Bank MO$12.2M · 0.32%
Larson Financial Group, LLC MO$12.2M · 0.02%
Sullivan Bank MO$11.8M · 0.31%
Blue Ridge Bancshares, Inc. MO$10.6M · 0.23%
Sterling Bank MO$10.2M · 0.01%
First Bank of the Lake MO$9.9M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431214879 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.