Plan Snapshot
- Plan Sponsor: Arvest Bank
- Sponsor EIN: 710118700
- Sponsor Address: 921 W. MONROE, LOWELL, AR, 72745
- Plan Type: 401(k)
- Plan Number: 504
- Total Participants: 6,297
- Total Assets: $2.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 6,297 | $2.7M | $38.8M | $23.4M |
| 2023 | 5,411 | $5.7M | $35.5M | $15.0M |
| 2022 | 5,411 | $9.5M | $35.4M | $14.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| UMR, INC. | Other Service Provider | $3,272,049 | $64,638 | $3,336,687 |
| DELTA DENTAL PLAN OF ARKANSAS | Other Service Provider | $256,997 | — | $256,997 |
| PRUDENTRX LLC | Other Service Provider | $84,763 | — | $84,763 |
| OPTUM FINANCIAL | Other Service Provider | $72,969 | — | $72,969 |
| RXBENEFITS | Other Service Provider | $70,643 | — | $70,643 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,822,059
- Estimated Expense Ratio: 139.461% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $4,387,482 | — | $4,387,482 | — | — |
| 2023 | $3,524,971 | — | $3,524,971 | — | — |
| 2022 | $3,120,375 | — | $3,120,375 | — | — |