RETIREMENT PLAN SERVICES
With over fifty years of experience, Bank of Arkansas offers you and your employees a service platform that delivers:
- High touch approach to service that is customized and individualized to your needs
- Flexibility to meet your needs
- Web-based, state-of-the-art technology
- Open investment platform that puts you in control
- Internet access, telephone access, and call center support for your employees
- Strong compliance support
- Plan document services
- Employee communication services designed to maximize employee appreciation, participation and investment education
Available Investment Options
Bank of Arkansas offers a broad array of investment options for your retirement plan that can include:
Fiduciary and Compliance Support
Our Plan Administration team brings over 35 years of plan compliance experience to bear on your plan. We provide complete compliance and discrimination testing, including the preparation of the annual Form 5500.
Recordkeeping Technology
As an experienced and reliable retirement plan provider we understand the importance of timely and accurate information.
We offer true daily valuation and processing, along with industry leading technology, and over fifty years of recordkeeping processing experience.
Employee Education
An attractive retirement program is an important competitive tool for all institutions, whether a corporation, municipal entity, union or charitable organization. We support your plan with powerful retirement planning and investment education programs that help all employees take advantage of their options. For participant-directed savings plans, our StartRight retirement program motivates and encourages employees to take responsibility for their future.
- Coordinate the enrollment and education process
- Provide complete workplace advertising and awareness programs
- Customized seminar and enrollment kits that include retirement planning basics
- In-person enrollment seminars
- 24-hour voice response access for participant-directed plans
- Participant call center
- Investment guidance or advice through Morningstar
Plan Sponsor Services and Support
- Dedicated Relationship Manager
- Directed Trustee services
- Online account access
- Online report menu
- Full compliance services
- 5500 Preparation
- Annual audit package
- Annual review of plan and investment fund options
- Distribution processing
- Employee education services
Plan Participant Services and Support
- Online account access
- Call center support
- Quarterly statements and newsletters
- Online investment tutorials and projection tools
- Online links to mutual fund information
- Online investment guidance or advice through Morningstar
Self-Directed Brokerage Option (“SDO”)
Bank of Arkansas’ Self-Directed Brokerage Option (“SDO”) is an additional investment option that can be added to a 401(k) or other defined contribution plan at the option of a plan sponsor.
An SDO account allows participants to establish a Self-Directed Brokerage account (“SDO”) within their retirement plan to purchase mutual funds, and individual stocks and bonds not otherwise available as Core Fund options. Our SDO option provides participants the following features:
- Select a broker of their choice
- Invest in publicly traded stocks, bonds, and an extensive list of mutual funds
- Invest in both the Core Plan mutual fund options as well as their SDO
- Move money between their Core mutual fund options and their SDO account
- Elect to have their new contributions deposited directly to their SDO account
- Access their account via the internet
- Place trades online
- Request loan availability information utilizing their core and SDO account balance
- Receive a consolidated participant statement as well as a detailed SDO account statement
- Performance measurement reports
The Plan Sponsor enjoys the following benefits:
- Consolidated reporting of all plan assets (for 5500 purposes)
- Bank of Arkansas maintains contribution source information on the SDO accounts
- Consolidated recordkeeping for testing purposes, determining loan limits, and distributions
- Consolidated participant statements
- Bank of Arkansas serves as Plan Trustee for all Plan assets
SDO Trading Options:
With our SDO product, you are in control of how you want to place your trades.
Our program can accommodate:
- A broker of your choosing
- An investment advisor of your choosing
- Placing trades directly online using SDO online
- Utilizing BOSC, Inc. (a full service brokerage at discounted rates)
- Utilizing our investment management professionals
Professional Investment Management
Our investment professionals can assist you in the management of your retirement plan assets. For defined benefit plans, we can design the asset allocation that is appropriate for your investment guidelines and objectives, the actuarial profile of your employee base, as well as your income, liquidity and risk tolerance requirements. For defined contribution plans, we offer a wide range of flexible, diverse investments, including mutual funds.
- Separate account management for equity, fixed income and balanced investments
- Advised or directed
- Mutual fund options
- Guaranteed Investment Contracts (GICs) and company stock are supported
If you are a Consultant or a Plan Sponsor and would like more information about our services, click here or contact us at 1-800-285-9559.
|
|
|
|
|
|
Highlights |
|
|
Financial Position Update |
|
|
>> For more information on our stable financial position, please click here.
To find out more information about BOK Financial, our parent company, please click here. |
|
|
|
|
|