12 Oaks Management Services in 401(k) Review & Grade
12 Oaks Management Services in 401(k) Profit Sharing Plan & Trust
Dallas, TXOther Services1,209 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$90Employer $ per active participant
$380Employee $ saved per active participant
3.30%Direct admin cost, % of plan assets
$3.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.3 / 5011th percentile for employer $ per participant
- Low cost0.1 / 250th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 0th |
| Employee saving | 7th |
| Peers that auto-enroll | 40% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($81,949 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $35,599 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- 12 Oaks Management Services in put in about $90 per active participant, below the typical peer ($1,257). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (3.30% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $108,791 |
| Participant (employee) contributions | $459,662 |
| Other contributions (incl. rollovers in) | $18,806 |
| Administrative expenses paid from the plan | $93,051 |
| Contract administrator fees | $80,381 |
| Investment advisory & management fees | $11,810 |
| Benefits paid out | $266,541 |
| Net assets, start / end of year | $2.6M / $3.1M |
| Active participants, start / end of year | 1,036 / 1,382 |
| Participants with account balances | 361 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mccarthy, Rose and Mills, L.L.P. |
Largest service providers (Schedule C)
| Erisa Fiduciary Services, Inc. | $66,538 reported compensation |
| Paychex, Inc. | $13,783 reported compensation |
| Levelized Compensation Advisor | $11,268 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260107143804NAL0007779185001, received 2026-01-07, EIN 75-2418094, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.