Plan Ledger DOL Form 5500 · updated monthly

Chambers Bancshares, Inc.401(k)

CHAMBERS BANCSHARES, INC. CASH OR DEFERRED PROFIT SHARING PLAN · DANVILLE, AR · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Chambers Bancshares, Inc. reported $12,088 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,660 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 0.04% to 0.06%. 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 152nd-largest of 456 plans among Arkansas employers on file, and 3,085th of 4,798 in finance & insurance. In 2024, employees put in $1.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,754,236
Participants with balances209
Active participants239
Employer contributions$635,698
Employee contributions$1,034,323
Employer contribution per active participant$2,660
Average account balance$94,518
Benefits paid to participants$2,251,690
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.8M · 209 accts · $636K emplr
2023$17.8M · 208 accts · $642K emplr
2022$14.3M · 219 accts · $657K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,088
Total administrative$12,088
The Chambers Bancshares, Inc. 401(k) match · 2024
Employer contribution per active participant$2,660
Median for plans this size$2,416
2024$2,660 per active participant
2023$2,839 per active participant
2022$2,694 per active participant

Chambers Bancshares, 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
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$7,086

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$12,088 · 0.06%
2023$8,309 · 0.05%
2022$5,819 · 0.04%
Same employer
Similar plansFinance & Insurance · Arkansas
Relyance Bank AR$20.1M · 0.35%
The Citizens Bank AR$16.2M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710644790 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.