Omron Management Center of America, Inc. 401(k) Review & Grade
Omron Savings and Retirement Plan
Hoffman Estates, ILManagement of Companies1,016 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,725Employer $ per active participant
$12,916Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$293.1MNet plan assets, end of year
$170,401Average balance per account
Score breakdown
- Employer generosity36.5 / 5073th percentile for employer $ per participant
- Low cost18.8 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1592th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 75th |
| Employee saving | 92th |
| Peers that auto-enroll | 58% |
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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
- Omron Management Center of America put in about $4,725 per active participant, more than the typical peer ($2,492). 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.
- 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.
- 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 | $4,798,590 |
| Participant (employee) contributions | $13,115,872 |
| Other contributions (incl. rollovers in) | $874,374 |
| Administrative expenses paid from the plan | $267,144 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $143,789 |
| Benefits paid out | $34,517,634 |
| Net assets, start / end of year | $270.4M / $293.1M |
| Active participants, start / end of year | 1,114 / 917 |
| Participants with account balances | 1,720 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $143,789 reported compensation |
| Fidelity Investments Institutional | $94,235 reported compensation |
| Forvis Mazars LLP | $29,120 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250715110513NAL0001985873001, received 2025-07-15, EIN 52-1620292, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.