American National Bank 401(k) Review & Grade
American National Bank 401(k) Profit Sharing Plan
Omaha, NEFinance & Insurance531 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,320Employer $ per active participant
$6,614Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$81.8MNet plan assets, end of year
$117,638Average balance per account
Score breakdown
- Employer generosity30.1 / 5060th percentile for employer $ per participant
- Low cost15.8 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 63th |
| Employee saving | 44th |
| Peers that auto-enroll | 62% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- American National Bank put in about $4,320 per active participant, more than the typical peer ($3,606). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,293,944 |
| Participant (employee) contributions | $3,512,242 |
| Other contributions (incl. rollovers in) | $146,275 |
| Administrative expenses paid from the plan | $118,545 |
| Investment advisory & management fees | $45,000 |
| Benefits paid out | $9,955,862 |
| Net assets, start / end of year | $76.5M / $81.8M |
| Active participants, start / end of year | 541 / 521 |
| Participants with account balances | 695 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $73,545 reported compensation |
| Usi Advisors Inc | $45,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010160950NAL0004399923001, received 2025-10-10, EIN 47-0486526, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.