Arvest Bank 401(k) Review & Grade
Arvest Bank 401k & Profit Sharing Retirement Plan
Lowell, ARFinance & Insurance6,339 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,183Employer $ per active participant
$5,611Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$925.8MNet plan assets, end of year
$115,820Average balance per account
Score breakdown
- Employer generosity38.6 / 5077th percentile for employer $ per participant
- Low cost22.1 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 88th |
| Employee saving | 16th |
| Peers that auto-enroll | 66% |
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
- Arvest Bank put in about $7,183 per active participant, more than the typical peer ($4,489). 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 | $45,530,637 |
| Participant (employee) contributions | $35,569,271 |
| Other contributions (incl. rollovers in) | $3,713,422 |
| Administrative expenses paid from the plan | $286,785 |
| Contract administrator fees | $182,590 |
| Investment advisory & management fees | $26,252 |
| Other admin expenses | $1,250 |
| Benefits paid out | $69,737,438 |
| Net assets, start / end of year | $800.1M / $925.8M |
| Active participants, start / end of year | 6,430 / 6,248 |
| Participants with account balances | 7,993 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | S.F. Fiser and Company |
| Employer stock held by plan | $15,163,470 |
Largest service providers (Schedule C)
| Voya Institutional Plan Services | $260,532 reported compensation |
| Morningstar | $26,252 reported compensation |
| Voya Retirement Advisors, LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015085840NAL0008430882001, received 2025-10-15, EIN 71-0118700, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.