Oakley Transportation Group, Inc. 401(k) Review & Grade
Oakley Transportation Group 401(k) Plan
Lake Wales, FLTransportation & Warehousing891 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$141Employer $ per active participant
$1,791Employee $ saved per active participant
0.60%Direct admin cost, % of plan assets
$14.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.1 / 508th percentile for employer $ per participant
- Low cost4.3 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 17th |
| Employee saving | 28th |
| Peers that auto-enroll | 37% |
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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
- Oakley Transportation Group put in about $141 per active participant, below the typical peer ($1,070). 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 (0.60% 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 | $125,780 |
| Participant (employee) contributions | $1,595,938 |
| Other contributions (incl. rollovers in) | $298,008 |
| Administrative expenses paid from the plan | $79,354 |
| Benefits paid out | $1,244,460 |
| Net assets, start / end of year | $12.1M / $14.2M |
| Active participants, start / end of year | 886 / 896 |
| Participants with account balances | 343 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bunting, Tripp, & Ingley, LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $79,345 reported compensation |
| Kestra Investment Services | $33,160 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250723074033NAL0003119345001, received 2025-07-23, EIN 47-1451534, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.