Plan Ledger DOL Form 5500 · updated monthly

Great Plains Bancshares, Inc.401(k)

GREAT PLAINS BANCSHARES, INC. 401(K) PROFIT SHARING PLAN · HOLLIS, OK · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Great Plains Bancshares, Inc. reported $87,914 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $2,423 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 0.53% to 0.35%. 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 193rd-largest of 724 plans among Oklahoma employers on file, and 2,578th of 4,798 in finance & insurance. In 2024, employees put in $2.31 for every $1.00 the employer contributed; active participation has grown from 271 to 382 since 2022.

Plan summary
Net assets, end of year$26,996,270
Participants with balances376
Active participants382
Employer contributions$925,481
Employee contributions$2,137,035
Employer contribution per active participant$2,423
Average account balance$71,799
Benefits paid to participants$2,564,966
Plan auditUnmodified (clean) audit opinion
AuditorFINLEY & COOK, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$27.0M · 376 accts · $925K emplr
2023$23.0M · 353 accts · $787K emplr
2022$19.3M · 296 accts · $678K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$82,741
Investment management$5,173
Total administrative$87,914
The Great Plains Bancshares, Inc. 401(k) match · 2024
Employer contribution per active participant$2,423
Median for plans this size$2,416
2024$2,423 per active participant
2023$3,121 per active participant
2022$2,503 per active participant

Great Plains Bancshares, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
JOHN HANCOCK LIFE INS. CO. · Recordkeeping · Investment management$2,350
WILSHIRE ASSOCIATES INC. · Investment advisory (participants)$5,172

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$87,914 · 0.35%
2023$67,288 · 0.32%
2022$109,320 · 0.53%
Similar plansFinance & Insurance · Oklahoma
Truity Federal Credit Union OK$34.6M · 0.22%
Nbc Corp. of Oklahoma Inc. OK$31.2M · 0.37%
Fnb Community Bank OK$23.5M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731113522 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.