Oakdale Seniors Alliance, LLC 401(k) Review & Grade
Oakdale Seniors Alliance, LLC 401(k) Plan
Chattanooga, TNHealth Care & Social Assistance1,356 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$147Employer $ per active participant
$475Employee $ saved per active participant
2.30%Direct admin cost, % of plan assets
$4.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.4 / 5019th percentile for employer $ per participant
- Low cost0.2 / 251th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score1 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 1th |
| Employee saving | 11th |
| Peers that auto-enroll | 36% |
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 ($219,989 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Oakdale Seniors Alliance put in about $147 per active participant, below the typical peer ($976). 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 (2.30% 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 | $199,777 |
| Participant (employee) contributions | $643,656 |
| Other contributions (incl. rollovers in) | $2,038,686 |
| Administrative expenses paid from the plan | $60,233 |
| Contract administrator fees | $18,471 |
| Investment advisory & management fees | $13,844 |
| Benefits paid out | $323,147 |
| Net assets, start / end of year | $1.3M / $4.0M |
| Active participants, start / end of year | 1,044 / 1,668 |
| Participants with account balances | 351 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Uhy LLP |
Largest service providers (Schedule C)
| John Hancock Life Insurance Company | $27,918 reported compensation |
| Admin. Group, LLC DBA Tag Resources | $18,471 reported compensation |
| Kelly Compton Investments LLC | $12,552 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251230085713NAL0043274130001, received 2025-12-30, EIN 88-2972429, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.