Plan Ledger DOL Form 5500 · updated monthly

Relyance Bank401(k)

RELYANCE BANK SAFE HARBOR 401(K) PLAN · WHITE HALL, AR · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Relyance Bank reported $63,882 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $2,330 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 3 years on file its reported administrative ratio has held roughly steady near 0.345%. 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 150th-largest of 456 plans among Arkansas employers on file, and 3,050th of 4,798 in finance & insurance. In 2024, employees put in $2.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,063,887
Participants with balances170
Active participants179
Employer contributions$417,115
Employee contributions$901,431
Employer contribution per active participant$2,330
Average account balance$118,023
Benefits paid to participants$596,875
Plan auditUnmodified (clean) audit opinion
AuditorBROWN ROGERS AND CO. PA
Plan history3
Yearassets · accounts · employer contribution
2024$20.1M · 170 accts · $417K emplr
2023$16.9M · 191 accts · $418K emplr
2022$14.3M · 177 accts · $392K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,674
Investment management$4,208
Total administrative$63,882
The Relyance Bank 401(k) match · 2024
Employer contribution per active participant$2,330
Median for plans this size$2,416
2024$2,330 per active participant
2023$2,516 per active participant
2022$2,265 per active participant

Relyance Bank'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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$4,208

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$63,882 · 0.35%
2023$51,949 · 0.33%
2022$55,298 · 0.35%
Similar plansFinance & Insurance · Arkansas
First Arkansas Bank & Trust AR$23.0M · 0.57%
Chambers Bancshares, Inc. AR$19.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710764688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.