Plan Ledger DOL Form 5500 · updated monthly

Midstate Bancorp, Inc.401(k)

MIDSTATE BANCORP, INC. 401K PLAN · OKLAHOMA CITY, OK · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Midstate Bancorp, Inc. reported $42,463 in plan administrative expenses for 2024: 0.45% of average plan assets, below the peer median. Employer contributions averaged $0 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 0.00% to 0.45%. 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 (405th of 724), and 4,010th of 4,798 in finance & insurance. active participation has grown from 111 to 174 since 2022.

Plan summary
Net assets, end of year$9,762,258
Participants with balances201
Active participants174
Employer contributions$0
Employee contributions$661,072
Employer contribution per active participant$0
Average account balance$48,568
Benefits paid to participants$1,028,081
Plan auditUnmodified (clean) audit opinion
AuditorKELLOGG AND KELLOGG, PC
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 201 accts
2023$9.2M · 170 accts · $3K emplr
2022$8.2M · 148 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,911
Investment management$21,552
Total administrative$42,463
The Midstate Bancorp, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Midstate Bancorp, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20242
ACCESS FINANCIAL RESOURCES INC · Investment advisory (plan)$21,552
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$20,911

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$42,463 · 0.45%
2023$32,353 · 0.37%
2022$342 · 0.00%
All plans at this employer2
MIDSTATE BANCORP, INC. 401K PLAN401(k)
MIDSTATE BANCORP EMPLOYEE STOCK OWNERSHIP PLANESOP
Similar plansFinance & Insurance · Oklahoma
F & M Bancshares, Inc. OK$12.9M · 0.77%
BANK7 OK$11.2M · 0.53%
Firstbank OK$8.6M · 0.69%
Exencial Wealth Advisors OK$7.9M · 0.33%
Chickasaw Community Bank OK$7.5M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 730736860 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.