Located in Tulsa, Oklahoma, the BOK Financial 401k Plan is one of the top providers of employer-sponsored retirement plans. This plan has over $640 million in plan assets as of December 31, 2020. It has a BrightScope Rating of 78. The plan offers a 401k match, which can be up to 200% for employees who have at least 10 years of service with the company. In addition to that, employees are eligible for a performance bonus.
BOK Financial Corporation is a financial holding company that also offers trust and wealth management services. It is also a registered broker/dealer and investment advisor. BOK Financial Corporation’s affiliates include BOK Financial Securities, Inc. (which operates under the trade name BOK Financial Advisors) and Cavanal Hill Investment Management, Inc. (which manages target-date funds, capital preservation options, and target-date funds).
BOK Financial has over $4 billion in assets under management. It offers discretionary investment management, financial planning services, and wealth management services through its affiliates. BOK Financial offers a full range of retirement plans.
BOK Financial Corporation has a BrightScope rating of 78 for its 401k plan. Its plan is ranked in the top 15% for account balances. In addition to the matching contribution, participants may also designate a different contribution rate.
BOK Financial’s 401k match is 50% for employees with less than four years of service, and up to 200% for those with more than 10 years. The firm also pays less than competitor Stifel Financial and Piper Jaffray, which pay $78,156 and $73,442, respectively.
