Plan Ledger DOL Form 5500 · updated monthly

Clifford Power Systems, Inc.401(k)

CLIFFORD POWER SYSTEMS 401(K) PLAN · TULSA, OK · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Clifford Power Systems, Inc. reported $65,356 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,121 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 0.49% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 340th-largest of 724 plans among Oklahoma employers on file, and 7,621st of 13,661 in manufacturing. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has grown from 151 to 179 since 2022.

Plan summary
Net assets, end of year$13,284,014
Participants with balances228
Active participants179
Employer contributions$558,696
Employee contributions$1,132,458
Employer contribution per active participant$3,121
Average account balance$58,263
Benefits paid to participants$1,517,739
Plan auditUnmodified (clean) audit opinion
AuditorHOGANTAYLOR
Plan history3
Yearassets · accounts · employer contribution
2024$13.3M · 228 accts · $559K emplr
2023$11.2M · 227 accts · $483K emplr
2022$9.8M · 294 accts · $432K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,356
Total administrative$65,356
The Clifford Power Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$3,121
Median for plans this size$2,416
2024$3,121 per active participant
2023$2,844 per active participant
2022$2,861 per active participant

Clifford Power Systems, 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 · 20244
BOKF, NA · Investment advisory (plan)$10,000
EMPOWER ADVISORY GROUP, LLC · Investment management$6,191
NOVA 401(K) ASSOCIATES · Contract administrator$6,170

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$65,356 · 0.53%
2023$56,872 · 0.54%
2022$49,314 · 0.49%
Similar plansManufacturing · Oklahoma
Elmer Smith Oil Company OK$14.3M · 0.52%
Roxtec, Inc. OK$14.3M · 0.06%
Reel Power International OK$12.6M · 0.28%
Modular Services Company OK$12.5M · 0.33%
Southwest Electric Co. OK$11.4M · 0.70%
Covercraft Industries,Llc. OK$11.3M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731248836 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.