Plan Ledger DOL Form 5500 · updated monthly

Today's Bank401(k)

MATHIAS SAVINGS INCENTIVE PLAN · FAYETTEVILLE, AR · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Today's Bank reported $8,704 in plan administrative expenses for 2024: 0.19% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,105 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 fell from 0.76% to 0.19%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Arkansas (325th of 456), and 4,464th of 4,798 in finance & insurance. In 2024, employees put in $1.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,706,575
Participants with balances142
Active participants97
Employer contributions$204,173
Employee contributions$339,474
Employer contribution per active participant$2,105
Average account balance$33,145
Benefits paid to participants$851,358
Plan auditUnmodified (clean) audit opinion
AuditorERWIN & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$4.7M · 142 accts · $204K emplr
2023$4.5M · 131 accts · $189K emplr
2022$3.8M · 128 accts · $180K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,704
Total administrative$8,704
The Today's Bank 401(k) match · 2024
Employer contribution per active participant$2,105
Median for plans this size$1,313
2024$2,105 per active participant
2023$1,925 per active participant
2022$1,731 per active participant

Today's Bank'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 · 20243
PENSION SOLUTIONS, INC. · Contract administrator · Recordkeeping$1,829
NATIONWIDE · Trustee · Named fiduciary$6,875
LPL FINANCIAL · Securities brokerageindirect comp

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

Recordkeeper by year2
2024PENSION SOLUTIONS, INC.
2023PENSION SOLUTIONS, INC.

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

Administrative cost history3
2024$8,704 · 0.19%
2023$34,003 · 0.82%
2022$29,100 · 0.76%
Similar plansFinance & Insurance · Arkansas
Stone Bank AR$7.7M · 0.09%
First Service Bank AR$7.6M · 0.17%
Acretrader, Inc. AR$1.5M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710707611 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.