Okland Management Corporation 401(k) Review & Grade
Okland 401(k) Profit Sharing Plan
Salt Lake City, UTConstruction1,074 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,019Employer $ per active participant
$7,550Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$147.3MNet plan assets, end of year
$99,762Average balance per account
Score breakdown
- Employer generosity45.5 / 5091th percentile for employer $ per participant
- Low cost19.9 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 79th |
| Employee saving | 85th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Okland Management put in about $6,019 per active participant, more than the typical peer ($1,672). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $6,464,925 |
| Participant (employee) contributions | $8,108,885 |
| Other contributions (incl. rollovers in) | $474,162 |
| Administrative expenses paid from the plan | $107,778 |
| Contract administrator fees | $57,058 |
| Investment advisory & management fees | $50,720 |
| Benefits paid out | $14,281,308 |
| Net assets, start / end of year | $127.1M / $147.3M |
| Active participants, start / end of year | 1,033 / 1,115 |
| Participants with account balances | 1,477 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Squire & Company P.C. |
Largest service providers (Schedule C)
| Stancorp Financial Group | $141,858 reported compensation |
| Navigate Financial | $50,720 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013115931NAL0002765570001, received 2025-10-13, EIN 20-0582832, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.