Oakmont Management Group LLC 401(k) Review & Grade
Oakmont Management Group LLC 401(k) Plan
Irvine, CAHealth Care & Social Assistance6,583 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$223Employer $ per active participant
$1,267Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$32.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity15.6 / 5031th percentile for employer $ per participant
- Low cost4.0 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 16th |
| Employee saving | 31th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $141,532 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Oakmont Management Group put in about $223 per active participant, below the typical peer ($800). 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 (0.41% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $1,465,427 |
| Participant (employee) contributions | $8,337,874 |
| Other contributions (incl. rollovers in) | $2,074,981 |
| Administrative expenses paid from the plan | $109,978 |
| Investment advisory & management fees | $1,442 |
| Benefits paid out | $3,381,730 |
| Net assets, start / end of year | $20.9M / $32.1M |
| Active participants, start / end of year | 6,699 / 6,467 |
| Participants with account balances | 2,474 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $109,978 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015053809NAL0002005411001, received 2025-10-15, EIN 46-1228206, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.