ah..i5 4460? a locked i5.
You do not need Z97 for a locked i5, a simple H97 or B85 should be enough.
But, if you can get that Z97 with special price, why not?
16GB RAM? 8GB is recommended, 16GB is a "nice to have" for today.
R9 380 is quite a nice pick.
No SSD? SSD is a very nice addition. Not a must but a very nice addition. You will not want to get any rig without SSD after you used one.
That PSU is not exactly good, I would recommend something else from XFX, Seasonic, Rosewill, etc.
I mean that PSU line from Corsair is not that good. XFX XXX 550W is nice and should not expensive.