Dickinson Financial Corporation 401(k) Review & Grade
Dickinson Financial Corporation Retirement Plan
Kansas City, MOFinance & Insurance934 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,080Employer $ per active participant
$3,257Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$72.9MNet plan assets, end of year
$103,603Average balance per account
Score breakdown
- Employer generosity5.0 / 5010th percentile for employer $ per participant
- Low cost11.6 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 46th |
| Employee saving | 7th |
| Peers that auto-enroll | 62% |
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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
- Dickinson Financial put in about $1,080 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- 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 | $1,009,313 |
| Participant (employee) contributions | $3,043,454 |
| Other contributions (incl. rollovers in) | $562,796 |
| Administrative expenses paid from the plan | $178,719 |
| Investment advisory & management fees | $73,962 |
| Other admin expenses | $37,243 |
| Benefits paid out | $7,571,837 |
| Net assets, start / end of year | $66.5M / $72.9M |
| Active participants, start / end of year | 785 / 1,084 |
| Participants with account balances | 704 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $84,223 reported compensation |
| Mma Securities LLC | $73,962 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015132340NAL0004967249001, received 2025-10-15, EIN 43-1487933, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.