Oaks Senior Living, LLC 401(k) Review & Grade
Oaks Senior Living 401(k) Plan
Alpharetta, GAHealth Care & Social Assistance1,251 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$464Employer $ per active participant
$623Employee $ saved per active participant
1.15%Direct admin cost, % of plan assets
$4.9MNet plan assets, end of year
$7,435Average balance per account
Score breakdown
- Employer generosity16.7 / 5033th percentile for employer $ per participant
- Low cost1.2 / 255th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score20 / 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 | 33th |
| Lower admin cost | 5th |
| Employee saving | 14th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $42,907 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Oaks Senior Living put in about $464 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 (1.15% 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.
- 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 | $580,934 |
| Participant (employee) contributions | $779,569 |
| Other contributions (incl. rollovers in) | $10,824 |
| Administrative expenses paid from the plan | $50,450 |
| Investment advisory & management fees | $11,340 |
| Benefits paid out | $701,063 |
| Net assets, start / end of year | $3.9M / $4.9M |
| Active participants, start / end of year | 1,075 / 1,427 |
| Participants with account balances | 658 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | HLB Gross Collins PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $39,110 reported compensation |
| Cambridge Investment Research | $11,095 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916085254NAL0001077203001, received 2025-09-16, EIN 26-0589951, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.