Bokf, NA 401(k) Review & Grade
Bok Financial 401(k) Plan
Tulsa, OKFinance & Insurance4,934 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,962Employer $ per active participant
$9,035Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$183,955Average balance per account
Score breakdown
- Employer generosity36.9 / 5074th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 96th |
| Employee saving | 55th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,571 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bokf put in about $6,962 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.
- 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 | $34,351,723 |
| Participant (employee) contributions | $44,581,092 |
| Other contributions (incl. rollovers in) | $9,779,049 |
| Administrative expenses paid from the plan | $174,380 |
| Investment advisory & management fees | $49,566 |
| Other admin expenses | $2,871 |
| Benefits paid out | $94,676,528 |
| Net assets, start / end of year | $1.0B / $1.2B |
| Active participants, start / end of year | 4,907 / 4,961 |
| Participants with account balances | 6,470 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hogantaylor LLP |
| Employer stock held by plan | $50,765,240 |
Largest service providers (Schedule C)
| Bokf, NA | $147,600 reported compensation |
| TL Private Wealth | $24,419 reported compensation |
| Burkholder Wealth Management | $21,024 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729100809NAL0001234707001, received 2025-07-29, EIN 73-0780382, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.