Enterprise Financial Services Corp 401(k) Review & Grade
Efsc Incentive Savings Plan
Clayton, MOFinance & Insurance1,232 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,609Employer $ per active participant
$8,342Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$189.2MNet plan assets, end of year
$112,936Average balance per account
Score breakdown
- Employer generosity36.1 / 5072th percentile for employer $ per participant
- Low cost18.3 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 73th |
| Employee saving | 65th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $17,652 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Enterprise Financial Services put in about $5,609 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.
- 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 | $6,913,391 |
| Participant (employee) contributions | $10,281,915 |
| Other contributions (incl. rollovers in) | $4,174,954 |
| Administrative expenses paid from the plan | $179,532 |
| Benefits paid out | $14,399,963 |
| Net assets, start / end of year | $160.4M / $189.2M |
| Active participants, start / end of year | 1,214 / 1,251 |
| Participants with account balances | 1,675 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Armanino LLP |
| Employer stock held by plan | $8,974,549 |
Largest service providers (Schedule C)
| Epic Retirement Plan Services | $179,532 reported compensation |
| Charles Schwab Trust Bank | $50,874 reported compensation |
| Charles Schwab & Co., Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250710150120NAL0003595043002, received 2025-07-10, EIN 43-1706259, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.