Plan Snapshot
- Plan Sponsor: F & M Bancshares, INC.
- Sponsor EIN: 730956567
- Sponsor Address: 13900 N. PORTLAND, SUITE 130, OKLAHOMA CITY, OK, 73134
- Plan Type: 401(k)
- Total Participants: 96
- Total Assets: $12.9M
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 | 96 | $12.9M | $349,416 | $454,820 |
| 2023 | 103 | $10.8M | $346,763 | $451,728 |
| 2022 | 98 | $9.2M | $318,814 | $423,386 |
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 |
|---|---|---|---|---|
| MEEDER INVESTMENT MANAGEMENT | Investment Advisor | $83,085 | — | $83,085 |
| NATIONWIDE | Recordkeeper | $1,505 | $38,347 | $39,852 |
| PENSION SOLUTIONS, INC | Recordkeeper | $24,239 | $12,782 | $37,021 |
| OSAIC WEALTH INC | Investment Advisor | $21,230 | — | $21,230 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — Recordkeeper
- OSAIC WEALTH INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $181,188
- Estimated Expense Ratio: 1.405% 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 | $91,369 | $89,311 | $2,058 | — | — |
| 2023 | $108,151 | $77,641 | $12,228 | — | — |
| 2022 | $107,787 | $95,752 | $12,035 | — | — |