Plan Ledger DOL Form 5500 · updated monthly

Arvest Bank401(k)

ARVEST BANK 401K & PROFIT SHARING RETIREMENT PLAN · LOWELL, AR · plan year 2024

Reported admin expense ratio · 2024
0.03%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Arvest Bank reported $286,785 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,287 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.02% to 0.03%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 6th-largest of 456 plans among Arkansas employers on file, and the 197th of 4,798 in finance & insurance. In 2024, the employer put in $1.28 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$925,751,555
Participants with balances7,993
Active participants6,248
Employer contributions$45,530,637
Employee contributions$35,569,271
Employer contribution per active participant$7,287
Average account balance$115,820
Benefits paid to participants$69,737,438
Plan auditUnmodified (clean) audit opinion
AuditorS.F. FISER AND COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$925.8M · 7,993 accts · $45.5M emplr
2023$800.1M · 7,937 accts · $31.4M emplr
2022$694.0M · 8,070 accts · $40.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$259,283
Investment management$26,252
Total administrative$286,785
The Arvest Bank 401(k) match · 2024
Employer contribution per active participant$7,287
Median for plans this size$4,294
2024$7,287 per active participant
2023$4,876 per active participant
2022$6,140 per active participant

Arvest Bank's 2024 employer contribution ran above the $4,294 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
VOYA INSTITUTIONAL PLAN SERVICES · Loan processing · Other services$260,532
MORNINGSTAR · Investment advisory (participants)$26,252
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$286,785 · 0.03%
2023$236,169 · 0.03%
2022$179,754 · 0.02%
Same employer
Similar plansFinance & Insurance · Arkansas
Lpl Financial LLC SC$939.6M · 0.10%
Prime Therapeutics LLC MN$911.3M · 0.08%
Bank of Hawaii HI$908.1M · 0.07%
Board of Trustees Local 282 NY$885.6M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710118700 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.