Stockman Financial Corp. 401(k) Review & Grade
Stockman Financial Corp 401 (K) Plan
Miles City, MTFinance & Insurance858 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,106Employer $ per active participant
$5,759Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$116.7MNet plan assets, end of year
$109,167Average balance per account
Score breakdown
- Employer generosity28.6 / 5057th percentile for employer $ per participant
- Low cost20.5 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1532th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 82th |
| Employee saving | 32th |
| 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
- Stockman Financial put in about $4,106 per active participant, more than the typical peer ($3,606). 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 | $3,520,512 |
| Participant (employee) contributions | $4,938,094 |
| Other contributions (incl. rollovers in) | $1,282,193 |
| Administrative expenses paid from the plan | $76,143 |
| Other admin expenses | $917 |
| Benefits paid out | $11,374,582 |
| Net assets, start / end of year | $104.3M / $116.7M |
| Active participants, start / end of year | 819 / 896 |
| Participants with account balances | 1,069 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Vanguard Group Inc | $75,225 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014180933NAL0001740803001, received 2025-10-14, EIN 81-0399040, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.