Oge Energy Corp. 401(k) Review & Grade
Oge Energy Corp. Employees' Stock Ownership and Retirement Savings Plan
Oklahoma City, OKManagement of Companies2,331 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,329Employer $ per active participant
$13,038Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$834.1MNet plan assets, end of year
$250,719Average balance per account
Score breakdown
- Employer generosity47.1 / 5094th percentile for employer $ per participant
- Low cost22.2 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1594th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score90 / 100 · Grade A
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 89th |
| Employee saving | 94th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,723 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Oge Energy put in about $9,329 per active participant, more than the typical peer ($2,492). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $21,746,437 |
| Participant (employee) contributions | $30,392,304 |
| Other contributions (incl. rollovers in) | $2,752,892 |
| Administrative expenses paid from the plan | $347,048 |
| Contract administrator fees | $3,300 |
| Investment advisory & management fees | $299,346 |
| Benefits paid out | $61,111,926 |
| Net assets, start / end of year | $706.2M / $834.1M |
| Active participants, start / end of year | 2,378 / 2,284 |
| Participants with account balances | 3,327 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young, LLP |
| Employer stock held by plan | $136,959,515 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $299,346 reported compensation |
| Fidelity Investments Institutional | $47,767 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010124224NAL0008172097001, received 2025-10-10, EIN 73-1481638, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.