Plan Ledger DOL Form 5500 · updated monthly

Omega Morgan Holdings Inc.401(k)

OMEGA MORGAN HOLDINGS INC. 401(K) SAVINGS PLAN · HILLSBORO, OR · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Omega Morgan Holdings Inc. reported $38,432 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $2,650 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 0.28% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 355th-largest of 1,021 plans among Oregon employers on file, and the 724th of 2,677 in transportation & warehousing. In 2024, employees put in $2.84 for every $1.00 the employer contributed; active participation has grown from 156 to 307 since 2022.

Plan summary
Net assets, end of year$20,625,980
Participants with balances381
Active participants307
Employer contributions$813,591
Employee contributions$2,307,116
Employer contribution per active participant$2,650
Average account balance$54,136
Benefits paid to participants$928,896
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.6M · 381 accts · $814K emplr
2023$15.9M · 344 accts · $491K emplr
2022$9.1M · 213 accts · $369K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,347
Investment management$20,085
Total administrative$38,432
The Omega Morgan Holdings Inc. 401(k) match · 2024
Employer contribution per active participant$2,650
Median for plans this size$2,416
2024$2,650 per active participant
2023$1,774 per active participant
2022$2,367 per active participant

Omega Morgan Holdings Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. 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 · 20243
DESCHUTES INVESTMENT CONSULTING · Recordkeeping · Trustee$20,085
ADP, INC. · Loan processing · Recordkeeping$18,347
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, DESCHUTES INVESTMENT CONSULTING
2023ADP, DESCHUTES INVESTMENT CONSULTING

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Administrative cost history3
2024$38,432 · 0.21%
2023$29,194 · 0.23%
2022$26,409 · 0.28%
Same employer
Similar plansTransportation & Warehousing · Oregon
Erickson Incorporated OR$67.5M · 0.20%
Sause Bros., Inc. OR$36.2M · 0.12%
Magnate Holdings, LLC OR$34.9M · 0.47%
May Trucking Company OR$25.1M · 0.18%
Combined Transport, Inc. OR$14.5M · 0.15%
Aero Air, LLC OR$14.2M · 0.71%
Walsh Trucking Company LTD OR$13.7M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453766278 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.