Umb Financial Corporation 401(k) Review & Grade
Umb Profit Sharing and 401(k) Savings Plan
Kansas City, MOFinance & Insurance3,619 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,434Employer $ per active participant
$10,106Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$717.6MNet plan assets, end of year
$153,197Average balance per account
Score breakdown
- Employer generosity24.7 / 5049th percentile for employer $ per participant
- Low cost23.4 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score69 / 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 | 49th |
| Lower admin cost | 94th |
| Employee saving | 69th |
| 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
- Umb Financial put in about $4,434 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.
- 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 | $16,045,793 |
| Participant (employee) contributions | $36,573,686 |
| Other contributions (incl. rollovers in) | $5,839,350 |
| Administrative expenses paid from the plan | $143,739 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $72,679 |
| Other admin expenses | $29,355 |
| Benefits paid out | $65,632,216 |
| Net assets, start / end of year | $615.5M / $717.6M |
| Active participants, start / end of year | 3,573 / 3,665 |
| Participants with account balances | 4,684 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rubinbrown LLP |
Largest service providers (Schedule C)
| Cbiz Investment Advisory Services, | $102,034 reported compensation |
| Rubinbrown LLP | $31,800 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010113920NAL0008077361001, received 2025-10-10, EIN 43-0903811, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.