Plan Ledger DOL Form 5500 · updated monthly

Ramsey Industries, Inc401(k)

RAMSEY INDUSTRIES 401(K) SAVINGS PLAN · TULSA, OK · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Ramsey Industries, Inc reported $28,888 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $2,145 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 0.03% to 0.16%. 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 261st-largest of 724 plans among Oklahoma employers on file, and 449th of 786 in management of companies. In 2024, employees put in $1.76 for every $1.00 the employer contributed; active participation has grown from 240 to 264 since 2022.

Plan summary
Net assets, end of year$18,896,411
Participants with balances299
Active participants264
Employer contributions$566,339
Employee contributions$994,659
Employer contribution per active participant$2,145
Average account balance$63,199
Benefits paid to participants$1,941,371
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.9M · 299 accts · $566K emplr
2023$17.1M · 265 accts · $504K emplr
2022$15.4M · 247 accts · $450K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,046
Investment management$300
Trustee / custodial$7,081
Total administrative$28,888
The Ramsey Industries, Inc 401(k) match · 2024
Employer contribution per active participant$2,145
Median for plans this size$2,416
2024$2,145 per active participant
2023$2,145 per active participant
2022$1,875 per active participant

Ramsey Industries, Inc's 2024 employer contribution ran below 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
BOKF, NA · Custodial (securities) · Trustee$28,588

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$28,888 · 0.16%
2023$3,855 · 0.02%
2022$5,255 · 0.03%
Same employer
Similar plansManagement of Companies · Oklahoma
Mabrey Bancorporation, Inc. OK$34.5M · 0.43%
Jrmb II, Inc. OK$30.3M · 0.17%
Miami Nation Enterprises OK$15.4M · 0.37%
Kfm Enterprises, LLC OK$14.3M · 0.54%
Premier Parks, LLC OK$9.3M · 0.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731103219 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.