Onity Group Inc. 401(k) Review & Grade
Onity Group Inc. 401(k) Savings Plan
West Palm Beach, FLFinance & Insurance1,072 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,176Employer $ per active participant
$6,605Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$335.2MNet plan assets, end of year
$130,641Average balance per account
Score breakdown
- Employer generosity11.8 / 5024th percentile for employer $ per participant
- Low cost23.2 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 93th |
| Employee saving | 44th |
| Peers that auto-enroll | 62% |
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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
- Onity Group put in about $2,176 per active participant, below the typical peer ($3,606). 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 | $2,333,568 |
| Participant (employee) contributions | $7,083,939 |
| Other contributions (incl. rollovers in) | $785,948 |
| Administrative expenses paid from the plan | $96,790 |
| Investment advisory & management fees | $78,142 |
| Benefits paid out | $33,630,923 |
| Net assets, start / end of year | $314.6M / $335.2M |
| Active participants, start / end of year | 1,129 / 1,016 |
| Participants with account balances | 2,566 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $146,318 reported compensation |
| NFP Retirement | $50,000 reported compensation |
| Baker Tilly US, LLP | $28,142 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929152541NAL0011477345001, received 2025-09-29, EIN 65-0039856, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.