Plan Snapshot
- Plan Sponsor: Regent Bank
- Sponsor EIN: 730376185
- Sponsor Address: 7136 S YALE AVENUE, TULSA, OK, 741366315
- Plan Type: 401(k)
- Total Participants: 211
- Total Assets: $16.3M
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 | 211 | $16.3M | $898,004 | $1.4M |
| 2023 | 189 | $13.1M | $829,028 | $1.2M |
| 2022 | 178 | $9.7M | $684,109 | $1.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $84,196 | — | $84,196 |
| MML INSURANCE AGENCY LLC | Other Service Provider | — | $31,475 | $31,475 |
| MML INVESTORS SERVICES LLC | Investment Advisor | — | $11,340 | $11,340 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MML INVESTORS SERVICES LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $127,011
- Estimated Expense Ratio: 0.778% 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 | $84,196 | — | $84,196 | — | — |
| 2023 | $63,410 | — | $63,410 | — | — |
| 2022 | $50,337 | — | $50,337 | — | — |