Plan Ledger DOL Form 5500 · updated monthly

Sharpe Dry Goods Company of Checotah, LLC401(k)

SHARPE DRY GOODS OF CHECOTAH 401(K) PLAN · CHECOTAH, OK · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

Sharpe Dry Goods Company of Checotah, LLC reported $38,992 in plan administrative expenses for 2024: 0.73% of average plan assets, above the peer median. Employer contributions averaged $1,707 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 0.52% to 0.73%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Oklahoma (521st of 724), and 3,555th of 5,215 in retail trade. In 2024, employees put in $1.38 for every $1.00 the employer contributed; active participation has grown from 86 to 101 since 2022.

Plan summary
Net assets, end of year$5,750,143
Participants with balances135
Active participants101
Employer contributions$172,417
Employee contributions$237,874
Employer contribution per active participant$1,707
Average account balance$42,594
Benefits paid to participants$321,679
Plan auditUnmodified (clean) audit opinion
AuditorMURET CPS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 135 accts · $172K emplr
2023$5.0M · 132 accts · $193K emplr
2022$4.1M · 125 accts · $231K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,634
Investment management$18,358
Total administrative$38,992
The Sharpe Dry Goods Company of Checotah, LLC 401(k) match · 2024
Employer contribution per active participant$1,707
Median for plans this size$1,313
2024$1,707 per active participant
2023$2,357 per active participant
2022$2,690 per active participant

Sharpe Dry Goods Company of Checotah, LLC's 2024 employer contribution ran above the $1,313 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
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$20,634
EDWARD JONES · Investment advisory (plan)$18,358

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$38,992 · 0.73%
2023$31,703 · 0.70%
2022$22,468 · 0.52%
Same employer
Similar plansRetail Trade · Oklahoma
John Vance Motors Inc. OK$7.3M · 0.78%
Oncue Marketing, LLC OK$6.7M · 1.97%
Warehouse Market, Inc. OK$4.2M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 730670668 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.