Plan Ledger DOL Form 5500 · updated monthly

First Oklahoma Bank401(k) + ESOP (KSOP)

FIRST OKLAHOMA BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN · JENKS, OK · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

First Oklahoma Bank reported $95,881 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,720 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 0.50% to 0.56%. 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 275th-largest of 724 plans among Oklahoma employers on file, and 3,246th of 4,798 in finance & insurance. In 2024, employees put in $1.72 for every $1.00 the employer contributed; active participation has shrunk from 127 to 112 since 2022.

Plan summary
Net assets, end of year$17,840,781
Participants with balances142
Active participants112
Employer contributions$528,672
Employee contributions$909,157
Employer contribution per active participant$4,720
Average account balance$125,639
Benefits paid to participants$2,155,573
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.8M · 142 accts · $529K emplr
2023$16.5M · 155 accts · $505K emplr
2022$14.5M · 160 accts · $514K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81
Investment management$20,136
Trustee / custodial$75,664
Total administrative$95,881
The First Oklahoma Bank 401(k) match · 2024
Employer contribution per active participant$4,720
Median for plans this size$2,416
2024$4,720 per active participant
2023$4,594 per active participant
2022$4,046 per active participant

First Oklahoma Bank's 2024 employer contribution ran above the $2,416 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 · 20241
THE TRUST COMPANY OF OKLAHOMA · Recordkeeping · Trustee$95,881

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024THE TRUST COMPANY OF OKLAHOMA
2023THE TRUST COMPANY OF OKLAHOMA

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$95,881 · 0.56%
2023$80,063 · 0.52%
2022$80,530 · 0.50%
Same employer
Similar plansFinance & Insurance · Oklahoma
Vision Bank OK$21.8M · 0.48%
Gaming Capital Group LLC OK$21.6M · 0.39%
Oklahoma's Credit Union OK$20.6M · 0.25%
Firstar Financial Corp. OK$18.9M · 0.07%
The Bank, N.A. OK$17.0M · 0.01%
First Bank & Trust Co OK$16.7M · 0.25%
Regent Bank OK$16.3M · 0.57%
Rich & Cartmill, Inc. OK$16.2M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 730258330 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.