Myers Bancshares, Inc.ESOP
MYERS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN · ALVA, OK · plan year 2022
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Myers Bancshares, Inc. reported $900 in plan administrative expenses for 2022: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,671 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 0.08% to 4.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other management of companies employers. By assets it is among the smaller plans on file in Oklahoma (682nd of 724), and 753rd of 786 in management of companies.
Myers Bancshares, Inc.'s 2022 employer contribution ran above the $1,114 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 731436109 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.