Bank Ozk 401(k) Review & Grade
Bank Ozk 401(k) Retirement Savings Plan
Little Rock, ARFinance & Insurance2,855 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,953Employer $ per active participant
$5,116Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$293.8MNet plan assets, end of year
$80,049Average balance per account
Score breakdown
- Employer generosity13.1 / 5026th percentile for employer $ per participant
- Low cost20.0 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 80th |
| Employee saving | 12th |
| 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
- Bank Ozk put in about $2,953 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 | $8,429,922 |
| Participant (employee) contributions | $14,605,073 |
| Other contributions (incl. rollovers in) | $4,019,272 |
| Administrative expenses paid from the plan | $138,332 |
| Investment advisory & management fees | $12,500 |
| Benefits paid out | $42,112,339 |
| Net assets, start / end of year | $302.2M / $293.8M |
| Active participants, start / end of year | 2,788 / 2,922 |
| Participants with account balances | 3,670 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hogantaylor LLP |
| Employer stock held by plan | $118,958,985 |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $177,321 reported compensation |
| Friday, Eldredge & Clark LLP | $13,199 reported compensation |
| Newport Trust Company | $12,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008133408NAL0005623697001, received 2025-10-08, EIN 71-0130170, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.