Oakland Management Corp 401(k) Review & Grade
Oakland Management Tax-Deferred Savings Plan
Farmington Hills, MIReal Estate & Rental1,009 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$612Employer $ per active participant
$2,120Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$19.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.1 / 5026th percentile for employer $ per participant
- Low cost10.9 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 44th |
| Employee saving | 28th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Oakland Management put in about $612 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.
- 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.
- 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 | $617,569 |
| Participant (employee) contributions | $2,138,917 |
| Other contributions (incl. rollovers in) | $69,412 |
| Administrative expenses paid from the plan | $49,163 |
| Contract administrator fees | $28,863 |
| Investment advisory & management fees | $12,000 |
| Benefits paid out | $1,171,608 |
| Net assets, start / end of year | $16.0M / $19.6M |
| Active participants, start / end of year | 1,013 / 1,005 |
| Participants with account balances | 417 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Freedman & Goldberg, C.p.a.s, P.C. |
Largest service providers (Schedule C)
| Ascensus LLC | $15,070 reported compensation |
| United of Omaha | $13,793 reported compensation |
| Gallagher Fiduciary Advisors | $12,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730145154NAL0002018659001, received 2025-07-30, EIN 38-3196699, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.