Plan Ledger DOL Form 5500 · updated monthly

Oklahoma Steel & Wire Company401(k)

OKLAHOMA STEEL & WIRE CO., INC. 401(K) PROFIT SHARING RETIREMENT PLAN · MADILL, OK · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Oklahoma Steel & Wire Company reported $27,385 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $291 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 0.15% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 238th-largest of 724 plans among Oklahoma employers on file, and the 5,699th of 13,661 in manufacturing. In 2024, employees put in $5.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,279,202
Participants with balances592
Active participants595
Employer contributions$173,420
Employee contributions$901,448
Employer contribution per active participant$291
Average account balance$35,945
Benefits paid to participants$735,302
Plan auditUnmodified (clean) audit opinion
AuditorFINLEY & COOK, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$21.3M · 592 accts · $173K emplr
2023$18.2M · 561 accts · $161K emplr
2022$15.9M · 557 accts · $148K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,307
Investment management$1,078
Total administrative$27,385
The Oklahoma Steel & Wire Company 401(k) match · 2024
Employer contribution per active participant$291
Median for plans this size$2,416
2024$291 per active participant
2023$483 per active participant
2022$265 per active participant

Oklahoma Steel & Wire Company's 2024 employer contribution ran below the $2,416 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
EMPOWER ADVISORY GROUP, LLC · Investment management$1,078

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$27,385 · 0.14%
2023$23,535 · 0.14%
2022$25,134 · 0.15%
Similar plansManufacturing · Oklahoma
Rae Corporation OK$24.7M · 0.67%
Schwarz Paving Co., Inc. OK$23.2M · 0.17%
Miratech Group, LLC OK$21.4M · 0.58%
Newell Coach Corporation OK$21.1M · 0.04%
Flogistix, LP OK$21.1M · 0.76%
D & L Manufacturing, Inc. OK$19.9M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731055422 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.