Plan Ledger DOL Form 5500 · updated monthly

Flat Branch Mortgage, Inc.401(k) + ESOP (KSOP)

FLAT BRANCH MORTGAGE, INC. RETIREMENT SAVINGS PLAN · COLUMBIA, MO · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Flat Branch Mortgage, Inc. reported $125,262 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $2,612 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 0.09% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 239th-largest of 1,393 plans among Missouri employers on file, and the 1,233rd of 4,798 in finance & insurance. In 2024, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$75,291,527
Participants with balances464
Active participants615
Employer contributions$1,606,123
Employee contributions$2,994,830
Employer contribution per active participant$2,612
Average account balance$162,266
Benefits paid to participants$3,118,815
Plan auditUnmodified (clean) audit opinion
AuditorKERBER, ECK & BRAECKEL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$75.3M · 464 accts · $1.6M emplr
2023$62.1M · 700 accts · $1.5M emplr
2022$54.7M · 457 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$125,262
Total administrative$125,262
The Flat Branch Mortgage, Inc. 401(k) match · 2024
Employer contribution per active participant$2,612
Median for plans this size$3,635
2024$2,612 per active participant
2023$2,252 per active participant
2022$2,379 per active participant

Flat Branch Mortgage, Inc.'s 2024 employer contribution ran below the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$93,730
ALERA INVESTMENT ADVISORS, LLC · Investment advisory (plan)$31,174
PRINCIPAL FINANCIAL GROUP · Contract administrator$19,885

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$125,262 · 0.18%
2023$69,637 · 0.12%
2022$52,300 · 0.09%
Same employer
Similar plansFinance & Insurance · Missouri
Eps Nass Parent, Inc. MO$76.3M · 0.23%
Country Club Bank MO$76.2M · 0.19%
Southern Bank MO$70.4M · 0.02%
Ameri-National Corporation MO$60.1M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202746596 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.