Plan Snapshot
- Plan Sponsor: Commerce Bancshares, INC.
- Sponsor EIN: 430889454
- Sponsor Address: 8000 FORSYTH, ST. LOUIS, MO, 63105
- Plan Type: 401(k)
- Total Participants: 4,874
- Total Assets: $1.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 4,874 | $1.1B | $20.2M | $38.1M |
| 2023 | 4,663 | $981.5M | $19.2M | $36.4M |
| 2022 | 4,540 | $883.3M | $18.6M | $34.2M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $235,194 | — | $235,194 |
| ARMANINO LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- ARMANINO LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $235,194
- Estimated Expense Ratio: 0.021% 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 | -$102,822 | $235,194 | — | — | — |
| 2023 | -$89,806 | $176,488 | — | — | — |
| 2022 | $207,610 | $228,289 | -$20,679 | — | — |