Omh Healthedge Holdings, Inc. 401(k) Review & Grade
Omh Healthedge Holdings, Inc. 401(k) Plan
Boca Raton, FLAdministrative, Support & Staffing Services1,364 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$279Employer $ per active participant
$3,425Employee $ saved per active participant
0.65%Direct admin cost, % of plan assets
$35.6MNet plan assets, end of year
$24,410Average balance per account
Score breakdown
- Employer generosity16.8 / 5034th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 15th |
| Employee saving | 66th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $8,857 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Omh Healthedge Holdings put in about $279 per active participant, below the typical peer ($712). 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 (0.65% 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 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 | $380,290 |
| Participant (employee) contributions | $4,673,765 |
| Other contributions (incl. rollovers in) | $742,680 |
| Administrative expenses paid from the plan | $215,435 |
| Investment advisory & management fees | $53,986 |
| Benefits paid out | $5,301,220 |
| Net assets, start / end of year | $31.1M / $35.6M |
| Active participants, start / end of year | 1,448 / 1,281 |
| Participants with account balances | 1,459 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Armanino LLP |
Largest service providers (Schedule C)
| Capital Group Retirement Plan Svcs. | $161,449 reported compensation |
| Edward Jones | $53,986 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729161228NAL0001464083001, received 2025-07-29, EIN 20-5803714, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.