Plan Ledger DOL Form 5500 · updated monthly

Vast Bank401(k)

VAST BANK 401(K) PLAN · TULSA, OK · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Vast Bank reported $25,163 in plan administrative expenses for 2024: 0.36% of average plan assets, below the peer median. Employer contributions averaged $4,628 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 0.39% to 0.36%. 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 Oklahoma (483rd of 724), and 4,271st of 4,798 in finance & insurance. In 2024, employees put in $1.68 for every $1.00 the employer contributed; active participation has shrunk from 111 to 63 since 2022.

Plan summary
Net assets, end of year$7,063,400
Participants with balances97
Active participants63
Employer contributions$291,579
Employee contributions$488,554
Employer contribution per active participant$4,628
Average account balance$72,819
Benefits paid to participants$1,487,985
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 97 accts · $292K emplr
2023$6.9M · 118 accts · $405K emplr
2022$5.9M · 124 accts · $303K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,229
Investment management$9,530
Trustee / custodial$3,404
Total administrative$25,163
The Vast Bank 401(k) match · 2024
Employer contribution per active participant$4,628
Median for plans this size$1,313
2024$4,628 per active participant
2023$4,352 per active participant
2022$2,726 per active participant

Vast Bank's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$14,126
USI CONSULTING GROUP · Consulting · Pension consulting$7,633

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$25,163 · 0.36%
2023$25,860 · 0.40%
2022$24,260 · 0.39%
Same employer
Similar plansFinance & Insurance · Oklahoma
Firstbank OK$8.6M · 0.69%
Exencial Wealth Advisors OK$7.9M · 0.33%
Chickasaw Community Bank OK$7.5M · 0.32%
Bankonit, LLC OK$6.3M · 0.07%
Grand Savings Bank OK$6.2M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731139790 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.