Octane Lending, Inc. 401(k) Review & Grade
Octane Lending, Inc. 401(k) Plan
New York, NYProfessional, Scientific & Technical Services544 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,061Employer $ per active participant
$6,157Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$23.5MNet plan assets, end of year
$40,215Average balance per account
Score breakdown
- Employer generosity24.9 / 5050th percentile for employer $ per participant
- Low cost17.3 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 69th |
| Employee saving | 31th |
| Peers that auto-enroll | 48% |
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 ($243 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
- Octane Lending put in about $3,061 per active participant, below the typical peer ($3,082). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $1,666,480 |
| Participant (employee) contributions | $3,352,593 |
| Other contributions (incl. rollovers in) | $879,527 |
| Administrative expenses paid from the plan | $24,101 |
| Investment advisory & management fees | $8,582 |
| Benefits paid out | $1,077,610 |
| Net assets, start / end of year | $16.1M / $23.5M |
| Active participants, start / end of year | 514 / 575 |
| Participants with account balances | 585 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $15,519 reported compensation |
| Strategic Advisors, Inc. | $8,582 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926120716NAL0004004387001, received 2025-09-26, EIN 46-4844834, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.