Plan Ledger DOL Form 5500 · updated monthly

Oklahoma Farm Bureau Mutual401(k)

OKLAHOMA FARM BUREAU AND AFFILIATED COMPANIES VOLUNTARY EMPLOYEE SAVINGS PLAN · OKLAHOMA CITY, OK · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Oklahoma Farm Bureau Mutual reported $45,636 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,369 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 0.12% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 114th-largest of 724 plans among Oklahoma employers on file, and the 1,630th of 4,798 in finance & insurance. In 2024, employees put in $1.29 for every $1.00 the employer contributed; active participation has grown from 361 to 414 since 2022.

Plan summary
Net assets, end of year$51,434,627
Participants with balances505
Active participants414
Employer contributions$1,394,954
Employee contributions$1,804,572
Employer contribution per active participant$3,369
Average account balance$101,851
Benefits paid to participants$3,871,335
Plan auditUnmodified (clean) audit opinion
AuditorHAYNIE & CO
Plan history3
Yearassets · accounts · employer contribution
2024$51.4M · 505 accts · $1.4M emplr
2023$46.3M · 441 accts · $1.2M emplr
2022$40.6M · 461 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,636
Total administrative$45,636
The Oklahoma Farm Bureau Mutual 401(k) match · 2024
Employer contribution per active participant$3,369
Median for plans this size$2,416
2024$3,369 per active participant
2023$3,418 per active participant
2022$3,168 per active participant

Oklahoma Farm Bureau Mutual'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 · 20241

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$45,636 · 0.09%
2023$64,385 · 0.15%
2022$51,255 · 0.12%
Same employer
Similar plansFinance & Insurance · Oklahoma
Bancfirst Corporation OK$270.0M · 0.07%
Tinker Federal Credit Union OK$89.8M · 0.10%
Gateway First Bank OK$75.5M · 0.25%
James Baker Group Inc OK$74.2M · 0.23%
Ttcu Federal Credit Union OK$49.3M · 0.02%
Armstrong Bank OK$48.5M · 0.41%
Chandler (U.S.A.), Inc. OK$40.6M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 730540035 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.