Plan Ledger DOL Form 5500 · updated monthly

Fabsco Shell and Tube LLC401(k)

FABSCO SHELL AND TUBE, LLC 401(K) PROFIT SHARING PLAN · TULSA, OK · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Fabsco Shell and Tube LLC reported $20,853 in plan administrative expenses for 2024: 0.38% of average plan assets, below the peer median. Employer contributions averaged $1,018 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 0.54% to 0.38%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Oklahoma (522nd of 724), and 10,849th of 13,661 in manufacturing. In 2024, employees put in $2.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,693,483
Participants with balances131
Active participants159
Employer contributions$161,809
Employee contributions$431,459
Employer contribution per active participant$1,018
Average account balance$43,462
Benefits paid to participants$797,400
Plan auditUnmodified (clean) audit opinion
AuditorCONKLIN, GILPIN & WERTZ, P.L.L.C
Plan history3
Yearassets · accounts · employer contribution
2024$5.7M · 131 accts · $162K emplr
2023$5.3M · 141 accts · $155K emplr
2022$4.6M · 146 accts · $138K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$350
Investment management$13,503
Audit (IQPA)$7,000
Total administrative$20,853
The Fabsco Shell and Tube LLC 401(k) match · 2024
Employer contribution per active participant$1,018
Median for plans this size$1,313
2024$1,018 per active participant
2023$861 per active participant
2022$818 per active participant

Fabsco Shell and Tube LLC's 2024 employer contribution ran below the $1,313 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 · 20243
CAPITAL ADVISORS INC · Investment advisory (plan)$13,503
CONKLIN - GILPIN - WERTZ · Accounting / audit$7,000

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$20,853 · 0.38%
2023$18,285 · 0.37%
2022$26,268 · 0.54%
Same employer
Similar plansManufacturing · Oklahoma
Da/Pro Rubber, Inc. OK$6.2M · 0.67%
Van Eaton Ready Mix, Inc. OK$5.6M · 1.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731516707 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.