Home Bancshares, Inc. 401(k) Review & Grade
Home Bancshares, Inc. 401(k) and Employee Stock Ownership Plan
Conway, ARFinance & Insurance2,670 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,300Employer $ per active participant
$4,194Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$150.3MNet plan assets, end of year
$60,323Average balance per account
Score breakdown
- Employer generosity3.8 / 508th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 44th |
| Employee saving | 5th |
| Peers that auto-enroll | 66% |
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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
- Home Bancshares put in about $1,300 per active participant, below the typical peer ($4,489). 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 | $3,471,518 |
| Participant (employee) contributions | $11,197,375 |
| Other contributions (incl. rollovers in) | $772,068 |
| Administrative expenses paid from the plan | $205,754 |
| Investment advisory & management fees | $148,499 |
| Benefits paid out | $10,148,229 |
| Net assets, start / end of year | $127.4M / $150.3M |
| Active participants, start / end of year | 2,766 / 2,574 |
| Participants with account balances | 2,492 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
| Employer stock held by plan | $31,704,224 |
Largest service providers (Schedule C)
| Forvis Mazars Wealth Advisors | $148,499 reported compensation |
| The Newport Group | $57,255 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250627062837NAL0022813298001, received 2025-06-27, EIN 71-0682831, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.