What are the fees in the Sbm Corporation 401(k) plan?

For plan year 2022, Sbm Corporation reported $1,417 in plan administrative expenses, or 3.14% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Sbm Corporation 401(k)?

The average participant account balance was $1,849 for plan year 2022, based on 36 accounts.

Sbm Corporation401(k)

Name: Sbm Corporation 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

SBM CORP. 401(K) PLAN · BIXBY, OK · plan year 2022

Reported admin expense ratio · 2022

3.14%

Sbm Corporation reported $1,417 in plan administrative expenses for 2022: 3.14% of average plan assets, higher than ~90% of peers. 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Oklahoma (723rd of 724), and 3,299th of 3,341 in other services.

Plan summary
Net assets, end of year$66,564
Participants with balances36
Active participants117
Employer contributions—
Employee contributions$65,024
Employer contribution per active participant—
Average account balance$1,849
Benefits paid to participants$11,211
Plan auditUnmodified (clean) audit opinion
AuditorELLISON AND ASSOCIATES, INC.

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$1,417 · 3.14%

Similar plansOther Services · Oklahoma
Goodwill Industries of Central Oklahoma, Inc. OK$2.9M · 1.01%
Seneca Cayuga Nation OK$2.8M · 0.75%
Park Management Company 403(B) Plan OK$1.5M · 1.06%
Pawnee Tribal Development OK$873K · 2.03%
Sjs Hospitality LLC NJ$80K · 0.60%
Sre Corporation UT$79K · 0.09%
Caliber Car Wash, LLC. FL$72K · 0.18%
Funston Company Inc NC$70K · 0.41%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 731091232 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.