Retirement plan

SOONER SOUTHWEST BANKSHARES, INC. 401(K) PROFIT SHARING PLAN

Name: SOONER SOUTHWEST BANKSHARES, INC. - SOONER SOUTHWEST BANKSHARES, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: SOONER SOUTHWEST BANKSHARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOONER SOUTHWEST BANKSHARES, INC. 401(K) PROFIT SHARING PLAN, SOONER SOUTHWEST BANKSHARES, INC.

SOONER SOUTHWEST BANKSHARES, INC.EIN 73-1492372Plan #002PY 2024

1751 EAST 71ST STREET - TULSA, OK 74136918-496-4242LinkedIn1-10 employeesarts and crafts

Other plans on this EIN

1 filing

#001Retirement-$6.3M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$11.9M

+11.0% from 2023

Total participants

125

-5.3% from 2023

Average account balance

$114,736

+16.4% from 2023

Annual return

14.84%

+0.25 pp from 2023

Benchmarks

See 2,173 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,173 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.93M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

104

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.

80.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$784K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$177

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 4 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491	Advisory (Participants)	$10,177
ASCENSUS LLC3 years Filed as: ERISA SERVICES MIDWEST, LLC Service code 49 P. O. BOX 24628 · FARRAGUT, TN 37934	Other Services	$9,912
MORNINGSTAR1 year Service code 27 · EIN 36-3297908	Advisory (Plan)	$5,697
VOYA RETIREMENT INSURANCE & ANNUITY3 years Filed as: VOYA RETIREMENT INS & ANN CO Service code 27 · EIN 71-0294708	Advisory (Plan)	$5,697

Plan features & details

Pension benefit codes2E2J2F2G3D3H2K

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$18K

$169 / participant

Investment mgmt$12K66.1%
Contract admin$6K30.7%
Other / not subdivided$5753.1%

% of EOY assets

0.154%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REGIER, CARR & MONROE, LLP, CPA'S
Auditor EIN: 480573184
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$114,736

$122,063-6.0%

$184,256-37.7%

$74,478+54.1%

Participation rate

80.7%

85.5%-4.7pp

86.8%-6.1pp

67.2%+13.5pp

Annual return

14.84%

19.92%-5.1pp

28.85%-14.0pp

1370.56%-1355.7pp

Employer contribution / active EE

$3,103

$4,539-31.6%

$6,427-51.7%

$2,626+18.1%

Participant deferral / active EE

$4,090

$7,144-42.7%

$9,133-55.2%

$4,350-6.0%

Admin fee / account holder

$177

$1,253-85.9%

$13,899-98.7%

$1,946-90.9%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 02-0488491

Advisory (Participants)

$10,177

ASCENSUS LLC3 years

Filed as: ERISA SERVICES MIDWEST, LLC

Service code 49

P. O. BOX 24628 · FARRAGUT, TN 37934

Other Services

$9,912

MORNINGSTAR1 year

Service code 27 · EIN 36-3297908

Advisory (Plan)

$5,697

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Filed as: VOYA RETIREMENT INS & ANN CO

Service code 27 · EIN 71-0294708

Advisory (Plan)

$5,697

SOONER SOUTHWEST BANKSHARES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOONER SOUTHWEST BANKSHARES, INC. 401(K) PROFIT SHARING 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