The Odom Corporation 401(k) Review & Grade
The Odom Corporation Salary Savings Plan and Trust
Bellevue, WAWholesale Trade2,160 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,494Employer $ per active participant
$2,747Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$126.6MNet plan assets, end of year
$72,534Average balance per account
Score breakdown
- Employer generosity19.9 / 5040th percentile for employer $ per participant
- Low cost15.6 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 62th |
| Employee saving | 19th |
| Peers that auto-enroll | 53% |
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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 ($638,383 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
- Odom put in about $1,494 per active participant, below the typical peer ($1,792). 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 | $3,227,304 |
| Participant (employee) contributions | $5,935,190 |
| Other contributions (incl. rollovers in) | $4,970,525 |
| Administrative expenses paid from the plan | $189,885 |
| Investment advisory & management fees | $35,000 |
| Other admin expenses | $26 |
| Benefits paid out | $18,133,400 |
| Net assets, start / end of year | $117.4M / $126.6M |
| Active participants, start / end of year | 2,005 / 2,316 |
| Participants with account balances | 1,745 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Northwest Plan Services | $99,055 reported compensation |
| Pacific Portfolio Consulting | $35,000 reported compensation |
| Charles Schwab Bank | $28,263 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014142819NAL0001502915001, received 2025-10-14, EIN 91-0896486, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.