Orion Group Management, Inc. 401(k) Review & Grade
Orion Group 401(k) Plan
New York, NYManagement of Companies1,488 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,111Employer $ per active participant
$4,284Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$87.8MNet plan assets, end of year
$61,192Average balance per account
Score breakdown
- Employer generosity21.1 / 5042th percentile for employer $ per participant
- Low cost10.1 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 40th |
| Employee saving | 35th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,521,190 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Orion Group Management put in about $2,111 per active participant, below the typical peer ($2,492). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $3,142,463 |
| Participant (employee) contributions | $6,376,054 |
| Other contributions (incl. rollovers in) | $2,409,266 |
| Administrative expenses paid from the plan | $166,067 |
| Investment advisory & management fees | $90,996 |
| Benefits paid out | $9,271,164 |
| Net assets, start / end of year | $22.2M / $87.8M |
| Active participants, start / end of year | 877 / 2,100 |
| Participants with account balances | 1,435 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Mma Securities | $78,466 reported compensation |
| Fidelity Investments Institutional | $75,071 reported compensation |
| Strategic Advisors, Inc. | $12,530 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015143846NAL0005155729001, received 2025-10-15, EIN 86-3071207, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.