Sunflower Bank 401(k) Review & Grade
Sunflower Bank, N.A. Wealth Savings Plan
Salina, KSFinance & Insurance1,020 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,840Employer $ per active participant
$8,314Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$120.2MNet plan assets, end of year
$86,129Average balance per account
Score breakdown
- Employer generosity37.5 / 5075th percentile for employer $ per participant
- Low cost15.8 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 63th |
| Employee saving | 64th |
| 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
- Sunflower Bank put in about $5,840 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.
- 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 | $5,956,865 |
| Participant (employee) contributions | $8,480,623 |
| Other contributions (incl. rollovers in) | $4,365,706 |
| Administrative expenses paid from the plan | $165,925 |
| Contract administrator fees | $165,925 |
| Benefits paid out | $11,943,311 |
| Net assets, start / end of year | $100.3M / $120.2M |
| Active participants, start / end of year | 987 / 1,053 |
| Participants with account balances | 1,395 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | PKF O'connor Davies, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $161,696 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250613100706NAL0028576768001, received 2025-06-13, EIN 48-0216075, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.