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 (2020) 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 2020

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

Other plans on this EIN

1 filing

#001Retirement-$3.8M assets

Prospect flagsLow returnsHigh cash

How to read this page

Total assets (EOY)

$7.3M

+8.5% from 2019

Total participants

109

+0.9% from 2019

Average account balance

$75,577

+6.2% from 2019

Annual return

7.47%

-2.81 pp from 2019

Benchmarks

See 2,211 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,211 peers

Snapshot2020

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

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 codes2E2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$739

$7 / participant

Other / not subdivided$739100.0%

% of EOY assets

0.010%

all-in expense ratio

Categories reported

0 / 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

$75,577

$136,307-44.6%

$177,848-57.5%

$73,497+2.8%

Participation rate

88.0%

86.1%+1.9pp

87.7%+0.3pp

70.7%+17.3pp

Annual return

7.47%

18.68%-11.2pp

48.33%-40.9pp

28.51%-21.0pp

Employer contribution / active EE

$2,574

$3,712-30.7%

$5,919-56.5%

$2,270+13.4%

Participant deferral / active EE

$3,321

$5,829-43.0%

$7,714-56.9%

$3,740-11.2%

Admin fee / account holder

$596-98.7%

$12,431-99.9%

$513-98.5%

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