Oklahoma Blood Institute 401(k) Review & Grade
Oklahoma Blood Institute 401(k) Plan
Oklahoma City, OKHealth Care & Social Assistance998 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,465Employer $ per active participant
$2,833Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$51.3MNet plan assets, end of year
$54,843Average balance per account
Score breakdown
- Employer generosity30.5 / 5061th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 57th |
| Employee saving | 55th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,450 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Oklahoma Blood Institute put in about $1,465 per active participant, more than the typical peer ($976). 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.
- 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 | $1,462,459 |
| Participant (employee) contributions | $2,828,676 |
| Other contributions (incl. rollovers in) | $123,361 |
| Administrative expenses paid from the plan | $85,848 |
| Investment advisory & management fees | $28,566 |
| Benefits paid out | $4,294,635 |
| Net assets, start / end of year | $43.3M / $51.3M |
| Active participants, start / end of year | 888 / 1,109 |
| Participants with account balances | 935 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $57,282 reported compensation |
| Strategic Advisors, Inc. | $28,566 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923122649NAL0005696929001, received 2025-09-23, EIN 73-1008735, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.