Plan Ledger DOL Form 5500 · updated monthly

Great Plains II LLC401(k)

GREAT PLAINS II LLC 401(K) PLAN · NORMAN, OK · plan year 2024

Reported admin expense ratio · 2024
1.13%

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

Great Plains II LLC reported $25,232 in plan administrative expenses for 2024: 1.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,879 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 1 year on file its reported administrative ratio rose from 0.28% to 1.13%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Oklahoma (607th of 724), and 3,926th of 4,246 in wholesale trade. In 2024, employees put in $2.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,056,034
Participants with balances156
Active participants136
Employer contributions$255,546
Employee contributions$558,112
Employer contribution per active participant$1,879
Average account balance$19,590
Benefits paid to participants$183,949
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$3.1M · 156 accts · $256K emplr
2023$1.4M · 101 accts · $75K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,232
Total administrative$25,232
The Great Plains II LLC 401(k) match · 2024
Employer contribution per active participant$1,879
Median for plans this size$1,313
2024$1,879 per active participant
2023$606 per active participant

Great Plains II LLC'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 · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping$13,249

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

Administrative cost history2
2024$25,232 · 1.13%
2023$3,922 · 0.28%
Same employer
Similar plansWholesale Trade · Oklahoma
Parallel AG. OK$7.1M · 0.66%
Petra Industries, LLC OK$6.8M · 0.08%
Earnheart Oil Inc OK$3.0M · 1.01%
Fox Building Supply, Inc. OK$2.3M · 0.10%
Great Plains LLC OK$1.9M · 0.07%
A & D Supply of Okc , Inc OK$1.8M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 931437471 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.