Plan Ledger DOL Form 5500 · updated monthly

Phillips Murrah, P.C.401(k)

PHILLIPS MURRAH P.C. 401(K) PROFIT SHARING PLAN · OKLAHOMA CITY, OK · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Phillips Murrah, P.C. reported $91,303 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $9,993 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 0.17% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 132nd-largest of 724 plans among Oklahoma employers on file, and the 3,029th of 11,654 in professional & technical services. In 2024, employees put in $1.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$44,520,879
Participants with balances131
Active participants91
Employer contributions$909,374
Employee contributions$1,208,833
Employer contribution per active participant$9,993
Average account balance$339,854
Benefits paid to participants$550,634
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$44.5M · 131 accts · $909K emplr
2023$36.9M · 131 accts · $854K emplr
2022$30.7M · 128 accts · $885K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,169
Investment management$33,109
Audit (IQPA)$16,875
Trustee / custodial$1,599
Total administrative$91,303
The Phillips Murrah, P.C. 401(k) match · 2024
Employer contribution per active participant$9,993
Median for plans this size$2,416
2024$9,993 per active participant
2023$9,088 per active participant
2022$9,313 per active participant

Phillips Murrah, P.C.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
BOKF, NA · Custodial (securities) · Loan processing$75,479
HOGAN TAYLOR, LLP · Accounting / audit$16,875

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$91,303 · 0.22%
2023$59,661 · 0.18%
2022$55,803 · 0.17%
Same employer
Similar plansProfessional & Technical Services · Oklahoma
Metrea Management LLC OK$56.7M · 5.34%
Express Services, Inc. OK$44.9M · 0.17%
C.H. Guernsey & Company OK$39.8M · 0.10%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 731288529 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.