Plan Ledger DOL Form 5500 · updated monthly

The Bank, N.A.401(k) + ESOP (KSOP)

NBM CORPORATION 401(K)/ESOP PLAN · MCALESTER, OK · plan year 2022

Reported admin expense ratio · 2022
0.01%

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

The Bank, N.A. reported $1,183 in plan administrative expenses for 2022: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,844 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 0.01% to 0.15%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is the 284th-largest of 724 plans among Oklahoma employers on file, and 3,298th of 4,798 in finance & insurance. In 2022, the employer put in $2.02 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$17,023,127
Participants with balances77
Active participants55
Employer contributions$376,400
Employee contributions$186,798
Employer contribution per active participant$6,844
Average account balance$221,080
Benefits paid to participants$1,569,281
Plan auditUnmodified (clean) audit opinion
AuditorFINLEY & COOK, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 66 accts · $628K emplr
2023$14.4M · 67 accts · $632K emplr
2022$17.0M · 77 accts · $376K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$1,183
Total administrative$1,183
The The Bank, N.A. 401(k) match · 2022
Employer contribution per active participant$6,844
Median for plans this size$2,266
2024$9,815 per active participant
2023$8,897 per active participant
2022$6,844 per active participant

The Bank, N.A.'s 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top quarter of its peers. 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$22,178 · 0.15%
2023$177 · 0.00%
2022$1,183 · 0.01%
Similar plansFinance & Insurance · Oklahoma
Gaming Capital Group LLC OK$21.6M · 0.39%
Oklahoma's Credit Union OK$20.6M · 0.25%
Firstar Financial Corp. OK$18.9M · 0.07%
First Oklahoma Bank OK$17.8M · 0.56%
First Bank & Trust Co OK$16.7M · 0.25%
Regent Bank OK$16.3M · 0.57%
Rich & Cartmill, Inc. OK$16.2M · 0.22%
Spirit Bankcorp, Inc. OK$13.7M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 730344910 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.