Otgp Management, LLC 401(k) Review & Grade
Ot Growth Partners 401(k) Plan
Chapel Hill, NCArts, Entertainment & Recreation500 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$191Employer $ per active participant
$482Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$638,135Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.0 / 5012th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 33th |
| Employee saving | 6th |
| Peers that auto-enroll | 38% |
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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
- Otgp Management put in about $191 per active participant, below the typical peer ($995). 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 (0.37% 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.
- 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 | $95,318 |
| Participant (employee) contributions | $241,093 |
| Other contributions (incl. rollovers in) | $24,950 |
| Administrative expenses paid from the plan | $1,732 |
| Investment advisory & management fees | $1,732 |
| Benefits paid out | $55,469 |
| Net assets, start / end of year | $293,934 / $638,135 |
| Active participants, start / end of year | 485 / 515 |
| Participants with account balances | 107 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014112140NAL0001278275001, received 2025-10-14, EIN 83-2421779, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.