Glacier Bancorp, Inc. 401(k) Review & Grade
Glacier Bancorp, Inc. Profit Sharing and 401(k) Plan
Kalispell, MTFinance & Insurance3,375 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,962Employer $ per active participant
$6,433Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$537.9MNet plan assets, end of year
$110,687Average balance per account
Score breakdown
- Employer generosity33.6 / 5067th percentile for employer $ per participant
- Low cost23.1 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score53 / 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 | 67th |
| Lower admin cost | 92th |
| Employee saving | 23th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Glacier Bancorp put in about $5,962 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 | $20,122,114 |
| Participant (employee) contributions | $21,712,475 |
| Other contributions (incl. rollovers in) | $4,139,943 |
| Administrative expenses paid from the plan | $126,411 |
| Contract administrator fees | $1,800 |
| Investment advisory & management fees | $157,708 |
| Benefits paid out | $61,650,231 |
| Net assets, start / end of year | $484.8M / $537.9M |
| Active participants, start / end of year | 3,215 / 3,535 |
| Participants with account balances | 4,860 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US |
| Employer stock held by plan | $26,219,284 |
Largest service providers (Schedule C)
| Capfinancial Partners LLC | $157,708 reported compensation |
| Moss Adams LLP | $23,654 reported compensation |
| Fidelity Investments Institutional | −$54,868 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731150415NAL0010803698001, received 2025-07-31, EIN 81-0519541, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.