Retirement plan

SOUTHERN OKLAHOMA WATER CORPORATION 403(B)PLAN

Name: SOUTHERN OKLAHOMA WATER CORPORATION - SOUTHERN OKLAHOMA WATER CORPORATION 403(B)PLAN (2023) Form 5500
Creator: SOUTHERN OKLAHOMA WATER CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN OKLAHOMA WATER CORPORATION 403(B)PLAN, SOUTHERN OKLAHOMA WATER CORPORATION

SOUTHERN OKLAHOMA WATER CORPORATIONEIN 73-0790077Plan #001PY 2023

1967 SAM NOBLE PKWY - ARDMORE, OK 734011611580-223-8961sowcwater.comLinkedIn1-10 employeesutilities

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$701K

+25.7% from 2022

Total participants

+61.5% from 2022

Average account balance

$35,061

-18.3% from 2022

Annual return

15.74%

+33.98 pp from 2022

Benchmarks

See 1,740 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,740 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$876K

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$115K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1345

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G3D2F2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$34K

$1707 / participant

Other / not subdivided$34K100.0%

% of EOY assets

4.869%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,061

$94,766-63.0%

$112,923-69.0%

$139,487-74.9%

Participation rate

95.0%

81.3%+13.7pp

80.5%+14.5pp

80.3%+14.7pp

Annual return

15.74%

40.96%-25.2pp

34.13%-18.4pp

373.84%-358.1pp

Employer contribution / active EE

$2,340

$4,636-49.5%

$4,570-48.8%

$4,755-50.8%

Participant deferral / active EE

$2,049

$6,523-68.6%

$6,520-68.6%

$6,713-69.5%

Admin fee / account holder

$1,707

$8,529-80.0%

$7,046-75.8%

$11,407-85.0%

SOUTHERN OKLAHOMA WATER CORPORATION 403(B)PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN OKLAHOMA WATER CORPORATION 403(B)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