Plan Ledger DOL Form 5500 · updated monthly

Oakland Management Corp401(k)

OAKLAND MANAGEMENT TAX-DEFERRED SAVINGS PLAN · FARMINGTON HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.28%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Oakland Management Corp reported $49,163 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $614 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.36% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,051st-largest of 2,619 plans among Michigan employers on file, and the 680th of 2,096 in real estate & leasing. In 2024, employees put in $3.46 for every $1.00 the employer contributed; active participation has grown from 829 to 1,005 since 2022.

Plan summary
Net assets, end of year$19,648,817
Participants with balances417
Active participants1,005
Employer contributions$617,569
Employee contributions$2,138,917
Employer contribution per active participant$614
Average account balance$47,119
Benefits paid to participants$1,171,608
Plan auditUnmodified (clean) audit opinion
AuditorFREEDMAN & GOLDBERG, C.P.A.S, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$19.6M · 417 accts · $618K emplr
2023$16.0M · 397 accts · $584K emplr
2022$12.1M · 346 accts · $532K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,863
Investment management$12,000
Audit (IQPA)$8,300
Total administrative$49,163
The Oakland Management Corp 401(k) match · 2024
Employer contribution per active participant$614
Median for plans this size$2,416
2024$614 per active participant
2023$603 per active participant
2022$642 per active participant

Oakland Management Corp's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
UNITED OF OMAHA · Loan processing · Recordkeeping$13,793
ASCENSUS LLC · Loan processing$15,070
GALLAGHER FIDUCIARY ADVISORS · Investment advisory (plan)$12,000
FREEDMAN & GOLDBERG CPAS · Accounting / audit$8,300

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$49,163 · 0.28%
2023$52,839 · 0.38%
2022$46,908 · 0.36%
Same employer
Similar plansReal Estate & Leasing · Michigan
Redico, LLC. MI$22.8M · 0.58%
The Forbes Company, LLC MI$20.5M · 0.21%
Singh Management Co., LLC MI$18.8M · 0.00%
Kmg Prestige Incorporated MI$18.7M · 0.12%
Vandyk Mortgage Corporation MI$18.3M · 0.32%
Class Valuation, LLC MI$18.0M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383196699 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.