Plan Ledger DOL Form 5500 · updated monthly

Sooner Southwest Bankshares, Inc.401(k)

SOONER SOUTHWEST BANKSHARES, INC. 401(K) PROFIT SHARING 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

Sooner Southwest Bankshares, Inc. reported $18,377 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $3,103 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 0.02% to 0.16%. 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 360th-largest of 724 plans among Oklahoma employers on file, and 3,797th of 4,798 in finance & insurance. In 2024, employees put in $1.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,932,513
Participants with balances104
Active participants109
Employer contributions$338,192
Employee contributions$445,864
Employer contribution per active participant$3,103
Average account balance$114,736
Benefits paid to participants$1,192,964
Plan auditUnmodified (clean) audit opinion
AuditorREGIER, CARR & MONROE, LLP, CPA'S
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 104 accts · $338K emplr
2023$10.7M · 109 accts · $339K emplr
2022$9.3M · 101 accts · $303K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,650
Investment management$12,152
Total administrative$18,377
The Sooner Southwest Bankshares, Inc. 401(k) match · 2024
Employer contribution per active participant$3,103
Median for plans this size$2,416
2024$3,103 per active participant
2023$3,135 per active participant
2022$2,732 per active participant

Sooner Southwest Bankshares, Inc.'s 2024 employer contribution ran above 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 · 20244
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$10,177
ERISA SERVICES MIDWEST, LLC · Other servicesindirect comp
VOYA RETIREMENT INS & ANN CO · Investment advisory (plan)indirect comp
MORNINGSTAR · Investment advisory (plan)indirect comp

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$18,377 · 0.16%
2023$15,884 · 0.16%
2022$2,128 · 0.02%
Similar plansFinance & Insurance · Oklahoma
Regent Bank OK$16.3M · 0.57%
Rich & Cartmill, Inc. OK$16.2M · 0.22%
Spirit Bankcorp, Inc. OK$13.7M · 0.11%
F & M Bancshares, Inc. OK$12.9M · 0.77%
BANK7 OK$11.2M · 0.53%
Midstate Bancorp, Inc. OK$9.8M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731492372 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.