Ou Medicine, Inc. 401(k) Review & Grade
Ou Health 401(k) Plan · d/b/a Ou Health
Oklahoma City, OKHealth Care & Social Assistance9,038 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,765Employer $ per active participant
$5,814Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$591.5MNet plan assets, end of year
$54,362Average balance per account
Score breakdown
- Employer generosity43.1 / 5086th percentile for employer $ per participant
- Low cost12.3 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 49th |
| Employee saving | 80th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $25,473 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ou Medicine put in about $3,765 per active participant, more than the typical peer ($800). 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.
- 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 | $34,032,433 |
| Participant (employee) contributions | $52,546,305 |
| Other contributions (incl. rollovers in) | $14,416,041 |
| Administrative expenses paid from the plan | $664,243 |
| Investment advisory & management fees | $169,987 |
| Benefits paid out | $51,249,115 |
| Net assets, start / end of year | $475.1M / $591.5M |
| Active participants, start / end of year | 8,530 / 9,546 |
| Participants with account balances | 10,881 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars,llp |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $495,370 reported compensation |
| Strategic Advisors, Inc. | $169,987 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015150011NAL0002622339001, received 2025-10-15, EIN 82-1883948, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.