Plan Ledger DOL Form 5500 · updated monthly

Encore Bank401(k)

ENCORE BANK 401(K) SAVINGS PLAN · LITTLE ROCK, AR · plan year 2024

Reported admin expense ratio · 2024
0.99%

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

Encore Bank reported $125,761 in plan administrative expenses for 2024: 0.99% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,479 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 3 years on file its reported administrative ratio has held roughly steady near 0.99%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 182nd-largest of 456 plans among Arkansas employers on file, and 3,523rd of 4,798 in finance & insurance. In 2024, employees put in $1.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,709,318
Participants with balances270
Active participants298
Employer contributions$1,632,884
Employee contributions$2,260,341
Employer contribution per active participant$5,479
Average account balance$54,479
Benefits paid to participants$1,367,954
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.7M · 270 accts · $1.6M emplr
2023$10.6M · 260 accts · $1.4M emplr
2022$5.4M · 200 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$125,761
Total administrative$125,761
The Encore Bank 401(k) match · 2024
Employer contribution per active participant$5,479
Median for plans this size$2,416
2024$5,479 per active participant
2023$4,192 per active participant
2022$4,025 per active participant

Encore Bank's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
RAYMOND JAMES AND ASSOCIATES · Investment advisory (participants)$69,492
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$55,669
NOVA 401(K) ASSOCIATES · Other servicesindirect 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$125,761 · 0.99%
2023$84,170 · 1.05%
2022$42,787 · 1.02%
Same employer
Similar plansFinance & Insurance · Arkansas
The Citizens Bank AR$16.2M · 0.63%
State Holding Company AR$14.3M · 0.55%
Diamond Bank AR$13.0M · 0.40%
Fnbc Bank AR$11.0M · 0.30%
Union Bank AR$9.7M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621700716 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.