401(k) · DOL Form 5500 · 2023

Local Bank (Bank of Cherokee County) 401(k) Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
60
Participants Small participant base
32nd
Percentile by assets National rank
$39,144
Avg per participant Low balance/head
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Official DOL plan name: Bank of Cherokee County 401(k) Retirement Plan · Sponsored by Local Bank (Bank of Cherokee County) · Oklahoma · Finance & Insurance

$2M in assets, 60 participants

Local Bank (Bank of Cherokee County)'s Bank of Cherokee County 401(k) Retirement Plan reported $2M in total assets and 60 participants in its 2023 DOL Form 5500 filing, ranking in the 32nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #1,972 in Finance & Insurance (8,869 peers)

Local Bank (Bank of Cherokee County) multi-year trail

Local Bank (Bank of Cherokee County)'s plans moved +66.9% in assets from 2022 to 2024; this filing shows Bank of Cherokee County 401(k) Retirement Plan at $2M / 60 participants.

#1,972
in Finance & Insurance (8,869 peers)
+33.5%
assets growth YoY

Bank of Cherokee County 401(k) Retirement Plan among the smaller filed plans by assets

Bank of Cherokee County 401(k) Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$2,348,641 32nd percentile higher than 32% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Bank of Cherokee County 401(k) Retirement Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bank of Cherokee County 401(k) Retirement Plan is a small filing (60 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bank of Cherokee County 401(k) Retirement Plan reported net income rose from -$98K in the plan year 2022 filing to $589K in the plan year 2023 filing.
  • Bank of Cherokee County 401(k) Retirement Plan end-of-year assets rose from $2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Bank of Cherokee County 401(k) Retirement Plan reported participants rose from 53 in the plan year 2022 filing to 60 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 730242160 · Local Bank (Bank of Cherokee County) PY 2023 · 401(k)

Bank of Cherokee County 401(k) Retirement Plan · $2M · 60 · 32nd

  • PHOTO $2M
  • IND 60
  • EOY 32nd
  • 5500 401(k)
  • ASSETS near Tempress Products LP 401(k) Plan
  • PCT ind #1972

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Oklahoma →

Bank of Cherokee County 401(k) Retirement Plan in the asset neighbourhood

Bank of Cherokee County 401(k) Retirement PlanBank of Cherokee County 401(…$2MTempress Products LP 401(k) PlanTempress Products LP 401(k) …$2MBristol Group, Inc. 401(k) PlanBristol Group, Inc. 401(k) P…$2MHilton Head Hospitality 401(k) PlanHilton Head Hospitality 401(…$2MC.E. Gobeil Company, Inc. 401(k) Profit Sharing PlanC.E. Gobeil Company, Inc. 40…$2M
End-of-year total assets ($M) among Bank of Cherokee County 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Local Bank (Bank of Cherokee County) multi-year asset trail

Sponsor-wide plan assets over time

All Local Bank (Bank of Cherokee County) plans reported in each filing year

Latest sponsor-wide plan assets
$3M 66.91015240024417% vs 2022
2024 filing year
$1.5M$2M$2.5M$3M$3.5M 202220232024 $1.76M $2.94M ▲ +67.0%
Year Plans Participants Total Assets
2022 1 53 $2M
2023 1 60 $2M
2024 1 69 $3M

Local Bank (Bank of Cherokee County) filing trail (2023)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$589K
Employer EIN730242160
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Oklahoma

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Bank of Cherokee County 401(k) Retirement Plan vs. nearby 401(k) plans in Oklahoma, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -1012345 Total assets ($B) Participants Bank of Cherokee County 401(k) Retirement Plan, Total assets ($B): 0.002348641 · Participants: 60Bank of Cherokee County 401(k) Retirement PlanQuiktrip Corporation Retirement Plan, Total assets ($B): 4.212452319 · Participants: 11746Quiktrip Corporation Retirement PlanThe Williams Investment Plus Plan, Total assets ($B): 1.681202476 · Participants: 5041The Williams Investment Plus PlanOneok, Inc. 401(k) Plan, Total assets ($B): 1.156591 · Participants: 2965Oneok, Inc. 401(k) PlanBok Financial 401(k) Plan, Total assets ($B): 1.048169756 · Participants: 4766Bok Financial 401(k) PlanDevon Energy Corporation Incentive Savings Plan, Total assets ($B): 0.932957189 · Participants: 1858Devon Energy Corporation Incentive Savings Plan
Bank of Cherokee County 401(k) Retirement Plan vs. nearby 401(k) plans in Oklahoma, assets vs. participants
Compare Bank of Cherokee County 401(k) Retirement Plan side-by-side with 3 peers →

Bank of Cherokee County 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Oklahoma, the nearest 401(k) by assets is Tempress Products LP 401(k) Plan in TX ($2M); by covered participants it is Fabricated Pipe, Inc. Profit Sharing 401(k) Plan and Trust in LA (60 participants). Same-state nearby plans are listed separately above.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bank of Cherokee County 401(k) Retirement Plan assets move in 2023? ▼
Bank of Cherokee County 401(k) Retirement Plan surged - up 33.5% during 2023, from $2M to $2M. Reported net income was $589K.
How have Local Bank (Bank of Cherokee County) plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Local Bank (Bank of Cherokee County)'s sponsor-wide assets grew 66.9%, from $2M to $3M.
Which 401(k) plans are similar in size to Bank of Cherokee County 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Tempress Products LP 401(k) Plan in TX ($2M, 25 participants).
Which 401(k) plans cover a similar participant headcount to Bank of Cherokee County 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Fabricated Pipe, Inc. Profit Sharing 401(k) Plan and Trust in LA (60 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 730242160.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.