Orion 401(k) Review & Grade
Orion 401(k) Retirement Plan
Houston, TXConstruction1,204 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,053Employer $ per active participant
$4,782Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$82.8MNet plan assets, end of year
$88,496Average balance per account
Score breakdown
- Employer generosity30.0 / 5060th percentile for employer $ per participant
- Low cost18.7 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1560th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 75th |
| Employee saving | 60th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Orion put in about $2,053 per active participant, more than the typical peer ($1,672). 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 | $2,470,197 |
| Participant (employee) contributions | $5,755,034 |
| Other contributions (incl. rollovers in) | $1,018,991 |
| Administrative expenses paid from the plan | $72,580 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $63,956 |
| Benefits paid out | $10,735,969 |
| Net assets, start / end of year | $68.3M / $82.8M |
| Active participants, start / end of year | 723 / 1,684 |
| Participants with account balances | 936 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Melton & Melton LLP |
Largest service providers (Schedule C)
| Bok Financial | $63,956 reported compensation |
| LPL Financial LLC | $0 reported compensation |
| Fidelity Investments Institutional | −$17,376 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250716113105NAL0006736114001, received 2025-07-16, EIN 71-0945404, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.