Plan Ledger DOL Form 5500 · updated monthly

Data Monitor Systems, Inc.401(k)

DATA MONITOR SYSTEMS SAVINGS INCENTIVE PLAN · MIDWEST CITY, OK · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Data Monitor Systems, Inc. reported $54,157 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,728 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 1.12% to 0.89%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Oklahoma (513th of 724), and 1,318th of 2,534 in administrative & support services. In 2024, the employer put in $2.19 for every $1.00 employees contributed themselves; active participation has shrunk from 211 to 174 since 2022.

Plan summary
Net assets, end of year$6,140,111
Participants with balances144
Active participants174
Employer contributions$648,671
Employee contributions$296,316
Employer contribution per active participant$3,728
Average account balance$42,640
Benefits paid to participants$1,673,342
Plan auditUnmodified (clean) audit opinion
AuditorGRAY, BLODGETT & COMPANY, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 144 accts · $649K emplr
2023$6.1M · 151 accts · $649K emplr
2022$5.5M · 163 accts · $610K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,870
Investment management$32,287
Total administrative$54,157
The Data Monitor Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$3,728
Median for plans this size$1,313
2024$3,728 per active participant
2023$3,119 per active participant
2022$2,891 per active participant

Data Monitor Systems, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20242
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)$32,287
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$21,870

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$54,157 · 0.89%
2023$47,172 · 0.82%
2022$63,766 · 1.12%
Similar plansAdministrative & Support Services · Oklahoma
Weldon Parts, Inc. OK$4.5M · 0.36%
Den Mar Services, Inc. OK$4.0M · 0.42%
McCoy Tree Surgery Co. OK$2.3M · 1.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 730973133 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.