Oto Development, LLC 401(k) Review & Grade
Oto Development 401k Plan
Spartanburg, SCReal Estate & Rental2,388 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$810Employer $ per active participant
$1,204Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$34.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity17.2 / 5034th percentile for employer $ per participant
- Low cost10.3 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 41th |
| Employee saving | 12th |
| Peers that auto-enroll | 47% |
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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
- Oto Development put in about $810 per active participant, below the typical peer ($1,279). 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.
- 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 | $1,935,290 |
| Participant (employee) contributions | $2,875,744 |
| Other contributions (incl. rollovers in) | $131,241 |
| Administrative expenses paid from the plan | $99,769 |
| Contract administrator fees | $82,798 |
| Investment advisory & management fees | $16,971 |
| Benefits paid out | $7,694,111 |
| Net assets, start / end of year | $33.0M / $34.6M |
| Active participants, start / end of year | 2,416 / 2,360 |
| Participants with account balances | 981 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Gosnell Menard Robinson Infante CPA |
Largest service providers (Schedule C)
| Ascensus LLC | $82,798 reported compensation |
| One Digital Investment Advisors | $16,971 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001073346NAL0005812867001, received 2025-10-01, EIN 20-1021118, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.