Orion Advisor Solutions, Inc. 401(k) Review & Grade
Orion Advisor Solutions, Inc. 401(k) Plan
Omaha, NEFinance & Insurance1,354 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,743Employer $ per active participant
$8,299Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$146.6MNet plan assets, end of year
$87,739Average balance per account
Score breakdown
- Employer generosity17.2 / 5034th percentile for employer $ per participant
- Low cost16.5 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1564th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 66th |
| Employee saving | 64th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,542 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Orion Advisor Solutions put in about $2,743 per active participant, below the typical peer ($3,606). 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 | $3,713,141 |
| Participant (employee) contributions | $11,232,110 |
| Other contributions (incl. rollovers in) | $2,695,902 |
| Administrative expenses paid from the plan | $184,485 |
| Contract administrator fees | $184,465 |
| Other admin expenses | $20 |
| Benefits paid out | $13,113,621 |
| Net assets, start / end of year | $122.3M / $146.6M |
| Active participants, start / end of year | 1,346 / 1,361 |
| Participants with account balances | 1,671 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $184,217 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250818084331NAL0001885296001, received 2025-08-18, EIN 85-1837981, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.