What are the fees in the Midlands Management Corporation Profit-sharing plan plan?

For plan year 2022, Midlands Management Corporation reported $59,109 in plan administrative expenses, or 0.54% of average plan assets — higher than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Midlands Management Corporation 401(k)?

The average participant account balance was $150,303 for plan year 2022, based on 58 accounts.

Midlands Management CorporationProfit-sharing plan

Name: Midlands Management Corporation 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

MIDLANDS MANAGEMENT CORPORATION 401(K) PLAN · OKLAHOMA CITY, OK · plan year 2022

Reported admin expense ratio · 2022

0.54%

Midlands Management Corporation reported $59,109 in plan administrative expenses for 2022: 0.54% of average plan assets, higher than ~75% of peers. 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Oklahoma (428th of 724), and 4,111th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$8,717,595
Participants with balances58
Active participants46
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$150,303
Benefits paid to participants$2,321,804
Plan auditUnmodified (clean) audit opinion
AuditorHOGANTAYLOR LLP

Administrative expenses, itemized · 2022

Professional / advisory$59,109

Total administrative$59,109

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$59,109 · 0.54%

Similar plansFinance & Insurance · Oklahoma
Sooner Southwest Bankshares, Inc. OK$11.9M · 0.16%
BANK7 OK$11.2M · 0.53%
Westreet Federal Credit Union OK$10.4M · 0.48%
Midstate Bancorp, Inc. OK$9.8M · 0.45%
Firstbank OK$8.6M · 0.69%
Exencial Wealth Advisors OK$7.9M · 0.33%
Chickasaw Community Bank OK$7.5M · 0.32%
Vast Bank OK$7.1M · 0.36%

Why are you looking at this plan?

Compare
401(k) plans in Oklahoma
Worked here before? Find your old 401(k)
401(k) plans in Finance & Insurance
Plans of similar size
Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 731366980 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.