Olo Inc. 401(k) Review & Grade
Olo Inc. 401(k) Profit Sharing Plan & Trust
New York, NYOther Services654 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,712Employer $ per active participant
$12,178Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$56.2MNet plan assets, end of year
$71,147Average balance per account
Score breakdown
- Employer generosity45.9 / 5092th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1599th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 36th |
| Employee saving | 99th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,030 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Olo put in about $5,712 per active participant, more than the typical peer ($1,257). 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 | $3,738,497 |
| Participant (employee) contributions | $7,970,689 |
| Other contributions (incl. rollovers in) | $1,610,831 |
| Administrative expenses paid from the plan | $170,344 |
| Contract administrator fees | $13,956 |
| Investment advisory & management fees | $96,730 |
| Benefits paid out | $7,324,933 |
| Net assets, start / end of year | $43.4M / $56.2M |
| Active participants, start / end of year | 686 / 623 |
| Participants with account balances | 790 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner & Smi | $81,141 reported compensation |
| Lincoln National Corporation | $59,658 reported compensation |
| Pension Assurance LLP | $15,589 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014153522NAL0006612722001, received 2025-10-14, EIN 20-2971562, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.