Plan Ledger DOL Form 5500 · updated monthly

Oaks Senior Living, LLC401(k)

OAKS SENIOR LIVING 401(K) PLAN · ALPHARETTA, GA · plan year 2024

Reported admin expense ratio · 2024
1.15%

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

Oaks Senior Living, LLC reported $50,450 in plan administrative expenses for 2024: 1.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $407 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 rose from 0.90% to 1.15%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Georgia (1,629th of 2,160), and 7,974th of 11,911 in health care & social assistance. In 2024, employees put in $1.34 for every $1.00 the employer contributed; active participation has grown from 1,133 to 1,427 since 2022.

Plan summary
Net assets, end of year$4,891,929
Participants with balances658
Active participants1,427
Employer contributions$580,934
Employee contributions$779,569
Employer contribution per active participant$407
Average account balance$7,435
Benefits paid to participants$701,063
Plan auditUnmodified (clean) audit opinion
AuditorHLB GROSS COLLINS PC
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 658 accts · $581K emplr
2023$3.9M · 511 accts · $617K emplr
2022$2.8M · 416 accts · $511K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,110
Investment management$11,340
Total administrative$50,450
The Oaks Senior Living, LLC 401(k) match · 2024
Employer contribution per active participant$407
Median for plans this size$1,313
2024$407 per active participant
2023$574 per active participant
2022$451 per active participant

Oaks Senior Living, LLC's 2024 employer contribution ran below the $1,313 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 · 20242
CAMBRIDGE INVESTMENT RESEARCH · Investment advisory (plan)$11,095

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$50,450 · 1.15%
2023$39,179 · 1.18%
2022$24,228 · 0.90%
Same employer
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Cardiovascular Group, LLC GA$5.1M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260589951 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.