Plan Ledger DOL Form 5500 · updated monthly

Firstbank401(k)

FIRSTBANK 401(K) PLAN · ANTLERS, OK · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Firstbank reported $58,017 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. Employer contributions averaged $1,665 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 0.47% to 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Oklahoma (432nd of 724), and 4,119th of 4,798 in finance & insurance. In 2024, employees put in $1.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,587,579
Participants with balances150
Active participants162
Employer contributions$269,650
Employee contributions$451,728
Employer contribution per active participant$1,665
Average account balance$57,251
Benefits paid to participants$1,225,635
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 150 accts · $270K emplr
2023$8.2M · 154 accts · $275K emplr
2022$6.8M · 154 accts · $265K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,017
Total administrative$58,017
The Firstbank 401(k) match · 2024
Employer contribution per active participant$1,665
Median for plans this size$1,313
2024$1,665 per active participant
2023$1,529 per active participant
2022$1,607 per active participant

Firstbank's 2024 employer contribution ran above 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 · 20244
CETERA ADVISOR NETWORKS, LLC · Investment advisory (plan)$27,635
EMPOWER ADVISORY GROUP, LLC · Investment management$16,175
PASI · Contract administrator$2,755

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$58,017 · 0.69%
2023$53,004 · 0.70%
2022$36,936 · 0.47%
Same employer
Similar plansFinance & Insurance · Oklahoma
BANK7 OK$11.2M · 0.53%
Midstate Bancorp, Inc. OK$9.8M · 0.45%
Exencial Wealth Advisors OK$7.9M · 0.33%
Chickasaw Community Bank OK$7.5M · 0.32%
Vast Bank OK$7.1M · 0.36%
Bankonit, LLC OK$6.3M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 730241528 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.