Four Oaks Family and Children Services 401(k) Review & Grade
Four Oaks Enterprise Retirement Plan
Cedar Rapids, IAHealth Care & Social Assistance756 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$488Employer $ per active participant
$2,310Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$22.0MNet plan assets, end of year
$23,261Average balance per account
Score breakdown
- Employer generosity17.3 / 5035th percentile for employer $ per participant
- Low cost18.4 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 74th |
| Employee saving | 46th |
| Peers that auto-enroll | 36% |
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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
- Four Oaks Family and Children Services put in about $488 per active participant, below the typical peer ($976). 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 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 | $369,273 |
| Participant (employee) contributions | $1,747,341 |
| Other contributions (incl. rollovers in) | $97,939 |
| Administrative expenses paid from the plan | $21,940 |
| Contract administrator fees | $21,940 |
| Benefits paid out | $3,969,874 |
| Net assets, start / end of year | $21.4M / $22.0M |
| Active participants, start / end of year | 760 / 753 |
| Participants with account balances | 947 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Commonwealth Financial Network | $54,555 reported compensation |
| Principal Life Insurance Company | $21,940 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260414112438NAL0018427521001, received 2026-04-14, EIN 42-0998726, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.