Plan Ledger DOL Form 5500 · updated monthly

The Funk Companies401(k)

THE FUNK COMPANIES 401(K) PLAN · OKLAHOMA CITY, OK · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

The Funk Companies reported $99,563 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,695 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 has held roughly steady near 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 269th-largest of 724 plans among Oklahoma employers on file, and the 647th of 2,534 in administrative & support services. In 2024, employees put in $2.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,703,975
Participants with balances289
Active participants229
Employer contributions$617,227
Employee contributions$1,362,525
Employer contribution per active participant$2,695
Average account balance$64,720
Benefits paid to participants$3,166,424
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$18.7M · 289 accts · $617K emplr
2023$18.1M · 307 accts · $664K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$95,863
Investment management$3,700
Total administrative$99,563
The The Funk Companies 401(k) match · 2024
Employer contribution per active participant$2,695
Median for plans this size$2,416
2024$2,695 per active participant
2023$2,582 per active participant

The Funk Companies'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 · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$93,502

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$99,563 · 0.54%
2023$89,822 · 0.55%
Same employer
Similar plansAdministrative & Support Services · Oklahoma
Thrive Partners, LLC OK$55.0M · 0.74%
Choctaw Global, LLC OK$12.8M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264027912 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.