Plan Snapshot
- Plan Sponsor: Bank7
- Sponsor EIN: 730241651
- Sponsor Address: 1039 N W 63RD, OKLAHOMA CITY, OK, 73116
- Plan Type: 401(k)
- Total Participants: 130
- Total Assets: $11.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 130 | $11.2M | $470,951 | $725,568 |
| 2023 | 124 | $9.2M | $425,650 | $687,341 |
| 2022 | 117 | $7.2M | $387,105 | $628,544 |
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 |
|---|---|---|---|---|
| HSPG & ASSOCIATED, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $53,969 | $9,578 | — | — | — |
| 2023 | $42,189 | $7,614 | — | — | — |
| 2022 | $40,618 | — | — | — | $40,618 |