Preferred Management Corporation 401(k) Review & Grade
Preferred Management Corp. Retirement Savings Plan
Shawnee, OKHealth Care & Social Assistance639 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$137Employer $ per active participant
$2,905Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$19.1MNet plan assets, end of year
$34,559Average balance per account
Score breakdown
- Employer generosity9.0 / 5018th percentile for employer $ per participant
- Low cost18.8 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 75th |
| Employee saving | 55th |
| Peers that auto-enroll | 36% |
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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 ($123,547 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Preferred Management put in about $137 per active participant, below the typical peer ($976). 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 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 | $87,832 |
| Participant (employee) contributions | $1,856,398 |
| Other contributions (incl. rollovers in) | $46,611 |
| Administrative expenses paid from the plan | $17,103 |
| Contract administrator fees | $17,103 |
| Benefits paid out | $1,653,576 |
| Net assets, start / end of year | $16.7M / $19.1M |
| Active participants, start / end of year | 709 / 569 |
| Participants with account balances | 554 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | DWC |
Largest service providers (Schedule C)
| Stancorp Financial Group | $263,559 reported compensation |
| Preferred Management Corp. | $154,418 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010191226NAL0004872083001, received 2025-10-10, EIN 73-1312311, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.