Omni Cable LLC 401(k) Review & Grade
Omni Cable LLC Retirement Savings Plan
West Chester, PAWholesale Trade807 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,083Employer $ per active participant
$6,275Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$104.9MNet plan assets, end of year
$99,534Average balance per account
Score breakdown
- Employer generosity13.6 / 5027th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 47th |
| Employee saving | 71th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $264,154 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Omni Cable put in about $1,083 per active participant, below the typical peer ($1,792). 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 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 | $874,176 |
| Participant (employee) contributions | $5,064,053 |
| Other contributions (incl. rollovers in) | $130,782 |
| Administrative expenses paid from the plan | $249,012 |
| Contract administrator fees | $104,849 |
| Investment advisory & management fees | $129,663 |
| Benefits paid out | $9,594,052 |
| Net assets, start / end of year | $95.1M / $104.9M |
| Active participants, start / end of year | 793 / 821 |
| Participants with account balances | 1,054 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Gray Hunter Stenn LLP |
Largest service providers (Schedule C)
| Kathmere Capital Management | $129,663 reported compensation |
| The Vanguard Group, Inc. | $104,849 reported compensation |
| Gray Hunter Stenn LLP | $14,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014131829NAL0001446707001, received 2025-10-14, EIN 23-2110530, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.