Oracle Elevator Holdco, Inc. 401(k) Review & Grade
Oracle Elevator Company Retirement Savings Plan
Tampa, FLConstruction619 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,919Employer $ per active participant
$4,263Employee $ saved per active participant
0.65%Direct admin cost, % of plan assets
$27.4MNet plan assets, end of year
$56,411Average balance per account
Score breakdown
- Employer generosity28.7 / 5057th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 15th |
| Employee saving | 55th |
| 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
- Oracle Elevator Holdco put in about $1,919 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.
- 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.
- 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 | $1,187,672 |
| Participant (employee) contributions | $2,638,769 |
| Other contributions (incl. rollovers in) | $242,943 |
| Administrative expenses paid from the plan | $172,076 |
| Contract administrator fees | $172,076 |
| Benefits paid out | $5,118,494 |
| Net assets, start / end of year | $25.5M / $27.4M |
| Active participants, start / end of year | 605 / 633 |
| Participants with account balances | 486 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $172,075 reported compensation |
| Creative Planning, Inc. | $85,726 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013152810NAL0000773955001, received 2025-10-13, EIN 82-1431166, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.