Osi Systems, Inc. 401(k) Review & Grade
Osi Systems, Inc. 401(k) Savings Plan
Torrance, CAManufacturing1,782 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,166Employer $ per active participant
$8,133Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$269.8MNet plan assets, end of year
$159,535Average balance per account
Score breakdown
- Employer generosity23.5 / 5047th percentile for employer $ per participant
- Low cost18.5 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 74th |
| Employee saving | 81th |
| Peers that auto-enroll | 59% |
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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
- Osi Systems put in about $2,166 per active participant, below the typical peer ($2,320). 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.
- 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 | $3,859,865 |
| Participant (employee) contributions | $14,492,779 |
| Other contributions (incl. rollovers in) | $2,659,820 |
| Administrative expenses paid from the plan | $257,020 |
| Investment advisory & management fees | $57,516 |
| Other admin expenses | $22,151 |
| Benefits paid out | $28,455,112 |
| Net assets, start / end of year | $242.1M / $269.8M |
| Active participants, start / end of year | 1,644 / 1,920 |
| Participants with account balances | 1,691 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $153,203 reported compensation |
| Onedigital Investment Advisors LLC | $57,500 reported compensation |
| Moss Adams LLP | $24,150 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250709173616NAL0013512322001, received 2025-07-09, EIN 33-0238801, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.