Oremor Mgmt. and Investment Co. 401(k) Review & Grade
Oremor Mgmt. and Investment Co. 401(k) Retirement Savings Plan
Ontario, CARetail Trade1,870 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$579Employer $ per active participant
$4,754Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$93.3MNet plan assets, end of year
$43,191Average balance per account
Score breakdown
- Employer generosity20.8 / 5042th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 36th |
| Employee saving | 79th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,347 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Oremor Mgmt. and Investment put in about $579 per active participant, below the typical peer ($743). 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.
- 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 | $1,082,835 |
| Participant (employee) contributions | $8,890,636 |
| Other contributions (incl. rollovers in) | $686,513 |
| Administrative expenses paid from the plan | $290,803 |
| Investment advisory & management fees | $105,977 |
| Benefits paid out | $6,683,660 |
| Net assets, start / end of year | $77.3M / $93.3M |
| Active participants, start / end of year | 1,871 / 1,869 |
| Participants with account balances | 2,160 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rogers Clem & Company |
Largest service providers (Schedule C)
| Adp, Inc. | $184,826 reported compensation |
| Morgan Stanley Smith Barney | $105,976 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015063408NAL0008348674001, received 2025-10-15, EIN 33-0152532, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.