Plan Ledger DOL Form 5500 · updated monthly

Grand Savings Bank401(k)

GRAND SAVINGS BANK 401(K) PLAN · GROVE, OK · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Grand Savings Bank reported $32,142 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $2,056 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 0.39% to 0.55%. 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 (507th of 724), and 4,357th of 4,798 in finance & insurance. In 2024, employees put in $1.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,210,045
Participants with balances113
Active participants136
Employer contributions$279,614
Employee contributions$419,578
Employer contribution per active participant$2,056
Average account balance$54,956
Benefits paid to participants$793,903
Plan auditUnmodified (clean) audit opinion
AuditorLBMC
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 113 accts · $280K emplr
2023$5.4M · 110 accts · $195K emplr
2022$4.6M · 105 accts · $180K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,710
Investment management$9,432
Total administrative$32,142
The Grand Savings Bank 401(k) match · 2024
Employer contribution per active participant$2,056
Median for plans this size$1,313
2024$2,056 per active participant
2023$1,328 per active participant
2022$1,301 per active participant

Grand Savings Bank'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 · 20243
LINCOLN NATIONAL CORPORATION · Contract administrator$17,646
ALLIANT RETIREMENT CONSULTING · Investment advisory (participants)$9,432
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$5,064

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$32,142 · 0.55%
2023$19,815 · 0.39%
2022$19,167 · 0.39%
Same employer
Similar plansFinance & Insurance · Oklahoma
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 731108238 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.