Simmons First National Corporation 401(k) Review & Grade
Simmons First National Corporation 401(k) Plan
Pine Bluff, ARFinance & Insurance2,972 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,489Employer $ per active participant
$4,852Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$285.3MNet plan assets, end of year
$72,274Average balance per account
Score breakdown
- Employer generosity25.0 / 5050th percentile for employer $ per participant
- Low cost11.1 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 44th |
| Employee saving | 10th |
| 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
- Simmons First National put in about $4,489 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.
- 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 | $13,344,210 |
| Participant (employee) contributions | $14,421,344 |
| Other contributions (incl. rollovers in) | $3,458,654 |
| Administrative expenses paid from the plan | $388,770 |
| Investment advisory & management fees | $37,500 |
| Benefits paid out | $31,450,983 |
| Net assets, start / end of year | $250.2M / $285.3M |
| Active participants, start / end of year | 3,027 / 2,918 |
| Participants with account balances | 3,948 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $282,760 reported compensation |
| Forvis LLP | $45,811 reported compensation |
| Newport Trust Company | $37,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014144429NAL0006393010001, received 2025-10-14, EIN 71-0407808, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.