Retirement plan

FIRST OKLAHOMA BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Name: FIRST OKLAHOMA BANK - FIRST OKLAHOMA BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN (2018) Form 5500
Creator: FIRST OKLAHOMA BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST OKLAHOMA BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN, FIRST OKLAHOMA BANK

FIRST OKLAHOMA BANKEIN 73-0258330Plan #001PY 2018

PO BOX 1370 - JENKS, OK 74037918-895-7888firstoklahomabank.comLinkedIn51-200 employeesbanking

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$9M

+12.8% from 2017

Total participants

138

+0.7% from 2017

Average account balance

$75,874

+3.3% from 2017

Annual return

1.37%

-21.50 pp from 2017

Benchmarks

See 2,193 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,193 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$17.84M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$126K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

142

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

71.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.43%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$675

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
THE TRUST COMPANY OF OKLAHOMA2 years Service code 15 · EIN 73-1577418	Recordkeeping	$22,786

Plan features & details

Pension benefit codes2E2G2J2K2R2T3D2O2Q

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$23K

$200 / participant

Investment mgmt$3831.7%
Other / not subdivided$23K98.3%

% of EOY assets

0.257%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: EIDE BAILLY
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,874

$79,523-4.6%

$140,019-45.8%

$56,289+34.8%

Participation rate

83.6%

85.7%-2.1pp

87.5%-3.9pp

69.9%+13.8pp

Annual return

1.37%

2.39%-1.0pp

651.17%-649.8pp

-9.96%+11.3pp

Employer contribution / active EE

$3,207

$3,350-4.3%

$5,605-42.8%

$2,111+51.9%

Participant deferral / active EE

$5,970

$5,129+16.4%

$6,927-13.8%

$3,350+78.2%

Admin fee / account holder

$195

$614-68.3%

$10,705-98.2%

$521-62.6%

Provider

Service type

Compensation

THE TRUST COMPANY OF OKLAHOMA2 years

Service code 15 · EIN 73-1577418

Recordkeeping

$22,786

FIRST OKLAHOMA BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST OKLAHOMA BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion