The Olympia Companies LLC 401(k) Review & Grade
The Olympia Companies LLC 401(k) Plan & Trust
Portland, MEAccommodation & Food Services1,302 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$220Employer $ per active participant
$1,594Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$16.8MNet plan assets, end of year
$24,939Average balance per account
Score breakdown
- Employer generosity22.0 / 5044th percentile for employer $ per participant
- Low cost5.9 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 24th |
| Employee saving | 78th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $60,771 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Olympia Companies put in about $220 per active participant, below the typical peer ($266). 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 (0.49% 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.
- 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 | $286,267 |
| Participant (employee) contributions | $2,074,897 |
| Other contributions (incl. rollovers in) | $656,131 |
| Administrative expenses paid from the plan | $76,273 |
| Investment advisory & management fees | $38,403 |
| Benefits paid out | $1,953,842 |
| Net assets, start / end of year | $14.0M / $16.8M |
| Active participants, start / end of year | 1,366 / 1,238 |
| Participants with account balances | 675 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdmp Assurance, LLP |
Largest service providers (Schedule C)
| Voya Financial Partners, Inc. | $38,403 reported compensation |
| Adp, Inc. | $37,870 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010123055NAL0007719089001, received 2025-10-10, EIN 20-3653615, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.