Capitol Federal Financial, Inc. 401(k) Review & Grade
Capitol Federal 401(k) Plan
Topeka, KSFinance & Insurance597 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$508Employer $ per active participant
$5,175Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$35.3MNet plan assets, end of year
$42,238Average balance per account
Score breakdown
- Employer generosity2.8 / 506th percentile for employer $ per participant
- Low cost6.9 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1526th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 28th |
| Employee saving | 26th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Capitol Federal Financial put in about $508 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.44% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $303,166 |
| Participant (employee) contributions | $3,089,478 |
| Other contributions (incl. rollovers in) | $411,506 |
| Administrative expenses paid from the plan | $144,285 |
| Investment advisory & management fees | $70,000 |
| Benefits paid out | $2,650,977 |
| Net assets, start / end of year | $31.0M / $35.3M |
| Active participants, start / end of year | 577 / 617 |
| Participants with account balances | 836 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | SSC Cpas, P.A. |
Largest service providers (Schedule C)
| Oneamerica Retirement Services LLC | $74,285 reported compensation |
| Intellicents Investments Solutions | $70,000 reported compensation |
| Matrix Trust Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260714115149NAL0001090499001, received 2026-07-14, EIN 27-2631712, plan #002, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.