Senior Star Management Company 401(k) Review & Grade
Senior Star Management Company 401(k) Plan
Tulsa, OKReal Estate & Rental597 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$730Employer $ per active participant
$1,683Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$16.5MNet plan assets, end of year
$18,883Average balance per account
Score breakdown
- Employer generosity14.8 / 5030th percentile for employer $ per participant
- Low cost6.9 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 28th |
| Employee saving | 19th |
| Peers that auto-enroll | 47% |
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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 ($605,831 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $5,674 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Senior Star Management put in about $730 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.
- Direct plan expenses (0.43% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $435,785 |
| Participant (employee) contributions | $1,004,953 |
| Other contributions (incl. rollovers in) | $38,518 |
| Administrative expenses paid from the plan | $68,617 |
| Investment advisory & management fees | $3,407 |
| Other admin expenses | $3,911 |
| Benefits paid out | $1,779,213 |
| Net assets, start / end of year | $15.1M / $16.5M |
| Active participants, start / end of year | 603 / 591 |
| Participants with account balances | 876 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Bokf, NA | $68,617 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014142155NAL0001535571001, received 2025-10-14, EIN 73-1220378, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.