Plan Ledger DOL Form 5500 · updated monthly

Fabricut, Inc.401(k)

FABRICUT, INC. 401(K) RETIREMENT PLAN · TULSA, OK · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Fabricut, Inc. reported $50,248 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,688 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 0.03% to 0.12%. 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 130th-largest of 724 plans among Oklahoma employers on file, and the 925th of 4,246 in wholesale trade. In 2024, employees put in $2.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$44,752,798
Participants with balances403
Active participants366
Employer contributions$617,718
Employee contributions$1,763,161
Employer contribution per active participant$1,688
Average account balance$111,049
Benefits paid to participants$3,114,438
Plan auditUnmodified (clean) audit opinion
AuditorCCK STRATEGIES
Plan history3
Yearassets · accounts · employer contribution
2024$44.8M · 403 accts · $618K emplr
2023$40.4M · 403 accts · $568K emplr
2022$34.4M · 397 accts · $530K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,248
Total administrative$50,248
The Fabricut, Inc. 401(k) match · 2024
Employer contribution per active participant$1,688
Median for plans this size$2,416
2024$1,688 per active participant
2023$1,534 per active participant
2022$1,444 per active participant

Fabricut, Inc.'s 2024 employer contribution ran below 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$50,248
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$50,248 · 0.12%
2023$9,671 · 0.03%
2022$10,315 · 0.03%
Same employer
Similar plansWholesale Trade · Oklahoma
Axh Air-Coolers, LLC OK$49.3M · 0.06%
Jasco Products Company LLC OK$49.0M · 0.31%
P & K Equipment, Inc OK$45.3M · 0.18%
Mtm Recognition Corporation OK$44.7M · 0.19%
Imagenet Consulting, LLC OK$41.0M · 0.24%
Ors Nasco, LLC OK$40.8M · 0.32%
Berendsen, Inc. OK$40.6M · 0.18%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 730619725 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.