Central Bancompany 401(k) Review & Grade
Central Bancompany Tax Reduction Thrift 401(k) Plan
Jefferson City, MOManagement of Companies2,938 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,130Employer $ per active participant
$5,670Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$400.7MNet plan assets, end of year
$94,276Average balance per account
Score breakdown
- Employer generosity33.1 / 5066th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 61th |
| Employee saving | 34th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,454 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Central Bancompany put in about $4,130 per active participant, more than the typical peer ($3,455). 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.
- 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 | $12,136,310 |
| Participant (employee) contributions | $16,660,342 |
| Other contributions (incl. rollovers in) | $4,885,086 |
| Administrative expenses paid from the plan | $335,273 |
| Investment advisory & management fees | $49,675 |
| Benefits paid out | $36,218,932 |
| Net assets, start / end of year | $351.7M / $400.7M |
| Active participants, start / end of year | 2,984 / 2,893 |
| Participants with account balances | 4,250 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $280,589 reported compensation |
| Resources Investment Advisors, Inc. | $72,049 reported compensation |
| BKD, LLP | $16,034 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011055548NAL0004632307001, received 2025-10-11, EIN 43-0959114, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.