The annual PLANSPONSOR survey shows the company is an industry
leader
TULSA, Okla.--(BUSINESS WIRE)--
BOK Financial has announced it ranked among top retirement plan
providers in the country, according to the highly-regarded PLANSPONSOR
Defined Contribution (DC) Survey. The annual survey asks employers about
their retirement plan and then compares retirement plan providers on a
number of categories. BOK Financial ranked in the Top 10 in a number of
categories and received numerous “Best in Class” awards.
“Choosing a retirement plan provider for your business is a very
important decision every employer has to make,” said JoAnn Schaub,
senior vice president for Institutional Wealth Management. “PLANSPONSOR
is an impartial and reliable resource employers utilize to get
information about providers, so to receive such high marks in the survey
is quite an achievement.”
Schaub said the survey results validate the commitment BOK Financial has
made to providing the highest level of service and results to employers
and their employees. In fact, the survey results show 100 percent of BOK
Financial clients are likely to recommend BOK Financial to others, with
more than 88 percent saying they are extremely likely.
“Retirement plans do more than provide financial security to retiring
employees. They help an organization set themselves apart from their
competition in recruiting talent,” said Ken Etheredge, senior vice
president, manager of retirement plan services. “Providing the best
plans with the best service helps our customers attract the best talent
and do the best work.”
BOK Financial ranked in the top 10 for average client participation
rate, a measure of how many eligible employees are participating in
their company’s retirement plan.
“Our strong participation numbers demonstrate we’re achieving our goals
of communicating with and educating employees so they will make the
decision to participate in the retirement plan, and feel confident in
their choices,” said Etheredge. “We offer tailored solutions to our
clients, including on-site meetings, one-on-one meetings, webinars and
targeted communications. We want to prepare employees now to live
comfortably in retirement.”
Etheredge says BOK Financial’s excellent customer service means
employers can focus on what they do best – running their business –
instead of administrative or educational concerns related to their
retirement plan.
BOK Financial received “Best in Class” awards in numerous categories.
For participant services, the company was recognized for its participant
call center, website functionality, online tools/services, participant
statements, enrollment assistance, onsite meetings, range of investments
and participant fee disclosure. For plan sponsor services, BOK Financial
was recognized for its Form 5500 processing, compliance support/testing,
legislative/regulatory updates, account team knowledge, staff
consistency, plan design flexibility, fee “cost-to-value” and service
responsiveness.
Schaub credits the many employees at BOK Financial who are involved in
servicing and supporting retirement plans for the company’s high
rankings.
“High-quality service is absolutely vital in our business,” said Schaub.
“I’m proud of our employees who work diligently to provide that level of
service to our customers.”
BOK Financial was one of 47 providers ranked in the survey.
BOK Financial offers a comprehensive range of services for any
employer-sponsored retirement plan, including 401(k) plans, profit
sharing plans, 403(b) plans, 457 plans, employee stock ownership plans,
defined benefit pension plans, cash balance plans and non-qualified
deferred compensation plans.
About BOK Financial Corporation
BOK Financial Corporation is a $25 billion regional financial services
company based in Tulsa, Oklahoma. The company's stock is publicly traded
on NASDAQ under the Global Select market listings (symbol: BOKF). BOK
Financial's holdings include BOKF, NA, BOSC, Inc. and Cavanal Hill
Investment Management, Inc.BOKF, NA operates the TransFund electronic
funds network and seven banking divisions: Bank
of Albuquerque, Bank
of Arizona, Bank
of Arkansas, Bank
of Kansas City, Bank
of Oklahoma, Bank
of Texas, and Colorado
State Bank and Trust. Through its subsidiaries,the company provides
commercial and consumer banking, investment and trust services, mortgage
origination and servicing, and an electronic funds transfer network. For
more information, visit www.bokf.com.
BOK Financial
Andrea Myers, 918-594-7794
amyers@bokf.com
Source: BOK Financial