Plan Ledger DOL Form 5500 · updated monthly

Oakstar Bank401(k)

THE OAKSTAR BANK 401(K) PLAN · SPRINGFIELD, MO · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Oakstar Bank reported $109,715 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $3,237 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 fell from 0.43% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 466th-largest of 1,393 plans among Missouri employers on file, and the 373rd of 786 in management of companies. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has shrunk from 381 to 333 since 2022.

Plan summary
Net assets, end of year$29,010,910
Participants with balances379
Active participants333
Employer contributions$1,077,982
Employee contributions$2,189,942
Employer contribution per active participant$3,237
Average account balance$76,546
Benefits paid to participants$3,541,912
Plan auditUnmodified (clean) audit opinion
AuditorELLIOTT, ROBINSON & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$29.0M · 379 accts · $1.1M emplr
2023$25.4M · 392 accts · $1.1M emplr
2022$21.3M · 379 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,228
Investment management$12,467
Total administrative$109,715
The Oakstar Bank 401(k) match · 2024
Employer contribution per active participant$3,237
Median for plans this size$2,416
2024$3,237 per active participant
2023$2,975 per active participant
2022$2,706 per active participant

Oakstar Bank's 2024 employer contribution ran above the $2,416 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 · 20245
LEAFHOUSE FINANCIAL ADVISORS, LLC · Investment advisory (plan)$12,467
LPL FINANCIAL LLCindirect comp

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$109,715 · 0.40%
2023$101,753 · 0.44%
2022$95,794 · 0.43%
Similar plansManagement of Companies · Missouri
McBride & Son Services Co. MO$34.1M · 0.20%
C.B. Management Co., Inc. MO$22.7M · 0.17%
Cnh Reman, LLC MO$20.9M · 0.11%
Ftl Capital, LLC MO$9.2M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203405719 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.