Alpine Banks of Colorado 401(k) Review & Grade
Alpine Banks of Colorado Employee Stock Ownership Plan and 401(k)
Glenwood Springs, COFinance & Insurance740 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,055Employer $ per active participant
$4,222Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$160.9MNet plan assets, end of year
$148,599Average balance per account
Score breakdown
- Employer generosity38.1 / 5076th percentile for employer $ per participant
- Low cost23.0 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1515th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 92th |
| Employee saving | 15th |
| Peers that auto-enroll | 62% |
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
- Alpine Banks of Colorado put in about $6,055 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 | $4,477,578 |
| Participant (employee) contributions | $3,121,931 |
| Other contributions (incl. rollovers in) | $1,502,885 |
| Administrative expenses paid from the plan | $52,558 |
| Benefits paid out | $14,115,352 |
| Net assets, start / end of year | $156.2M / $160.9M |
| Active participants, start / end of year | 731 / 748 |
| Participants with account balances | 1,083 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
| Employer stock held by plan | $109,127,094 |
Largest service providers (Schedule C)
| Newport Group | $48,718 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001111136NAL0012517217001, received 2025-10-01, EIN 84-0868818, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.