Twin Oaks Juvenile Development, Inc. 401(k) Review & Grade
Twin Oaks Juvenile Development, Inc. 401(k) Plan
Tallahassee, FLOther Services529 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$173Employer $ per active participant
$888Employee $ saved per active participant
0.94%Direct admin cost, % of plan assets
$5.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.1 / 5014th percentile for employer $ per participant
- Low cost1.8 / 257th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score2 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 7th |
| Employee saving | 22th |
| Peers that auto-enroll | 40% |
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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 ($20,849 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
- Twin Oaks Juvenile Development put in about $173 per active participant, below the typical peer ($1,257). 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.
- Direct plan expenses (0.94% 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 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 | $91,613 |
| Participant (employee) contributions | $469,594 |
| Other contributions (incl. rollovers in) | $315,967 |
| Administrative expenses paid from the plan | $43,706 |
| Other admin expenses | $43,706 |
| Benefits paid out | $117,181 |
| Net assets, start / end of year | $4.0M / $5.3M |
| Active participants, start / end of year | 542 / 516 |
| Participants with account balances | 168 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lee CPA Audit Group |
Largest service providers (Schedule C)
| DP Grow LLC | $33,063 reported compensation |
| Empower Annuity Insurance Company | $11,049 reported compensation |
| The Actuarial Consulting Group | $5,826 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915085309NAL0000603955001, received 2025-09-15, EIN 59-3512790, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.