Ovis LLC 401(k) Review & Grade
Ojai Valley Inn 401(k) Savings Plan
Ojai, CAAccommodation & Food Services859 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,438Employer $ per active participant
$2,445Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$18.7MNet plan assets, end of year
$26,941Average balance per account
Score breakdown
- Employer generosity46.0 / 5092th percentile for employer $ per participant
- Low cost4.1 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 17th |
| Employee saving | 88th |
| Peers that auto-enroll | 17% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Ovis put in about $1,438 per active participant, more than the typical peer ($266). 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.
- Direct plan expenses (0.62% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,235,307 |
| Participant (employee) contributions | $2,100,072 |
| Other contributions (incl. rollovers in) | $87,288 |
| Administrative expenses paid from the plan | $102,843 |
| Investment advisory & management fees | $45,361 |
| Benefits paid out | $1,273,403 |
| Net assets, start / end of year | $14.6M / $18.7M |
| Active participants, start / end of year | 800 / 918 |
| Participants with account balances | 693 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Miller Cooper & Co. LTD |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $57,482 reported compensation |
| Newfront Retirement Services Inc | $38,186 reported compensation |
| Strategic Advisors, Inc. | $7,175 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926161650NAL0009578417001, received 2025-09-26, EIN 37-1472460, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.