Plan Ledger DOL Form 5500 · updated monthly

Otak Inc.401(k)

OTAK INC. 401K EMPLOYEE SAVINGS PLAN · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Otak Inc. reported $162,001 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $3,047 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 0.35% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 201st-largest of 1,021 plans among Oregon employers on file, and the 3,000th of 11,654 in professional & technical services. In 2024, employees put in $3.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$44,924,176
Participants with balances473
Active participants323
Employer contributions$984,298
Employee contributions$3,435,157
Employer contribution per active participant$3,047
Average account balance$94,977
Benefits paid to participants$6,343,667
Plan auditUnmodified (clean) audit opinion
AuditorKUENZI & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$44.9M · 473 accts · $984K emplr
2023$41.2M · 491 accts · $986K emplr
2022$34.3M · 491 accts · $947K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$83,403
Investment management$78,068
Total administrative$162,001
The Otak Inc. 401(k) match · 2024
Employer contribution per active participant$3,047
Median for plans this size$2,416
2024$3,047 per active participant
2023$2,952 per active participant
2022$2,705 per active participant

Otak 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 · 20242
ALDRICH WEALTH LIMITED PARTNERSHIP · Investment advisory (plan)$81,646

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$162,001 · 0.38%
2023$140,627 · 0.37%
2022$129,859 · 0.35%
Same employer
Similar plansProfessional & Technical Services · Oregon
Mackenzie Engineering, Inc. OR$63.7M · 0.14%
Digimarc Corporation OR$60.1M · 0.27%
Interface Engineering Inc OR$58.5M · 0.24%
Perkins & Company P.C. OR$50.1M · 0.20%
Cascade Energy, Inc. OR$43.3M · 0.01%
Oregon Research Institute OR$42.3M · 0.20%
Delap LLP OR$36.7M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930788869 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.