Plan Snapshot
- Plan Sponsor: Armstrong Bank
- Sponsor EIN: 730496410
- Sponsor Address: 1111 WEST BROADWAY STREET, MUSKOGEE, OK, 74401
- Plan Type: 401(k)
- Total Participants: 418
- Total Assets: $48.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 418 | $48.5M | $1.4M | $2.2M |
| 2023 | 407 | $46.3M | $1.3M | $2.1M |
| 2022 | 424 | $42.5M | $2.6M | $1.9M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $92,480 | — | $92,480 |
| CETERA INVESTMENT ADVISERS LLC | Investment Advisor | $70,932 | — | $70,932 |
| ARMSTRONG BANK | Other Service Provider | $23,940 | — | $23,940 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $7,751 | — | $7,751 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $195,103
- Estimated Expense Ratio: 0.402% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $195,103 | $163,412 | — | — | — |
| 2023 | $140,931 | $103,678 | — | — | — |
| 2022 | $122,785 | — | $122,785 | — | — |