Owens & Minor, Inc. 401(k) Review & Grade
Owens & Minor 401(k) Savings and Retirement Plan
Glen Allen, VAWholesale Trade8,714 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,849Employer $ per active participant
$6,048Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$993.5MNet plan assets, end of year
$57,531Average balance per account
Score breakdown
- Employer generosity36.3 / 5073th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1561th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 43th |
| Employee saving | 61th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($77,027 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $111,992 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Owens & Minor put in about $3,849 per active participant, more than the typical peer ($2,459). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $33,538,830 |
| Participant (employee) contributions | $52,704,919 |
| Other contributions (incl. rollovers in) | $8,835,789 |
| Administrative expenses paid from the plan | $1,153,602 |
| Contract administrator fees | $1,800 |
| Investment advisory & management fees | $342,361 |
| Other admin expenses | $113,094 |
| Benefits paid out | $115,112,808 |
| Net assets, start / end of year | $538.9M / $993.5M |
| Active participants, start / end of year | 5,686 / 11,743 |
| Participants with account balances | 17,269 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | KPMG LLP |
Largest service providers (Schedule C)
| Fidelity Investments Inst. Oper. Co | $621,596 reported compensation |
| Strategic Advisors, Inc. | $342,361 reported compensation |
| Captrust Financial Advisors | $84,496 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014122757NAL0005918898001, received 2025-10-14, EIN 54-1701843, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.