Plan Ledger DOL Form 5500 · updated monthly

McAfee & Taft a Professional Corporation401(k)

MCAFEE & TAFT RETIREMENT PLAN · OKLAHOMA CITY, OK · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

McAfee & Taft a Professional Corporation reported $46,749 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $14,969 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 fell from 0.032% to 0.028%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 37th-largest of 724 plans among Oklahoma employers on file, and the 874th of 11,654 in professional & technical services. In 2024, the employer put in $1.57 for every $1.00 employees contributed themselves; active participation has grown from 252 to 337 since 2022.

Plan summary
Net assets, end of year$183,341,785
Participants with balances430
Active participants337
Employer contributions$5,044,476
Employee contributions$3,207,696
Employer contribution per active participant$14,969
Average account balance$426,376
Benefits paid to participants$10,857,886
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$183.3M · 430 accts · $5.0M emplr
2023$153.2M · 396 accts · $4.7M emplr
2022$124.1M · 341 accts · $4.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,673
Investment management$12,547
Total administrative$46,749
The McAfee & Taft a Professional Corporation 401(k) match · 2024
Employer contribution per active participant$14,969
Median for plans this size$3,635
2024$14,969 per active participant
2023$15,095 per active participant
2022$16,947 per active participant

McAfee & Taft a Professional Corporation's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. 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
HOGANTAYLOR LLP · Accounting / audit$17,723
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$12,547
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$10,878

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$46,749 · 0.03%
2023$44,495 · 0.03%
2022Not separately reported
Same employer
Similar plansProfessional & Technical Services · Oklahoma
899210-01 Nextep, Inc. OK$566.1M · 0.47%
Paycom Payroll, LLC OK$322.4M · 0.18%
Conner & Winters, LLP OK$97.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 730781676 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.