Ohana Growth Partners, LLC 401(k) Review & Grade
Ohana Growth Partners, LLC 401(k) Profit Sharing Plan
Timonium, MDArts, Entertainment & Recreation1,010 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$198Employer $ per active participant
$604Employee $ saved per active participant
1.20%Direct admin cost, % of plan assets
$4.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.5 / 5013th percentile for employer $ per participant
- Low cost1.1 / 254th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 4th |
| Employee saving | 11th |
| Peers that auto-enroll | 38% |
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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 ($21,672 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $63,363 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ohana Growth Partners put in about $198 per active participant, below the typical peer ($995). 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 (1.20% 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 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 | $199,707 |
| Participant (employee) contributions | $609,291 |
| Other contributions (incl. rollovers in) | $4,049 |
| Administrative expenses paid from the plan | $51,690 |
| Investment advisory & management fees | $14,410 |
| Benefits paid out | $805,057 |
| Net assets, start / end of year | $4.1M / $4.5M |
| Active participants, start / end of year | 975 / 1,044 |
| Participants with account balances | 470 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Fitzpatrick, Leary & Szarko. LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $40,655 reported compensation |
| Forusall | $14,410 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015105419NAL0006023360001, received 2025-10-15, EIN 67-1745745, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.