Retirement plan

OLO INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: OLO INC. - OLO INC. 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: OLO INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OLO INC. 401(K) PROFIT SHARING PLAN & TRUST, OLO INC.

OLO INC.EIN 20-2971562Plan #001PY 2024

ONE WORLD TRADE CENTER 258 FULTON S - NEW YORK, NY 10007973-632-7364olo.comLinkedIn501-1000 employeescomputer software

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$56.2M

+29.6% from 2023

Total participants

869

-2.4% from 2023

Average account balance

$71,147

+26.8% from 2023

Annual return

19.47%

-12.45 pp from 2023

Benchmarks

See 1,035 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,035 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$56.21M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$71K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

790

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

87.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+19.47%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$216

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI Service code 27 150 N COLLEGE ST · CHARLOTTE, NC 28255	Advisory (Plan)	$81,141
LINCOLN NATIONAL CORPORATION7 years Service code 13 · EIN 35-1140070	Contract Administrator	$59,658
PENSION ASSURANCE LLP1 year Service code 27 5126 CLARETON DRIVE · AGOURA HILLS, CA 91301	Advisory (Plan)	$15,589
RETIREWELL ADMINISTRATORS7 years Service code 15 1002 LINCOLN DRIVE W · MARLTON, NJ 08053	Recordkeeping	$13,956
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$170K

$273 / participant

Recordkeeping$60K35.0%
Investment mgmt$97K56.8%
Contract admin$14K8.2%

% of EOY assets

0.303%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,147

$65,960+7.9%

$81,844-13.1%

$77,736-8.5%

Participation rate

87.3%

65.8%+21.5pp

72.4%+14.9pp

70.6%+16.7pp

Annual return

19.47%

26.64%-7.2pp

778.87%-759.4pp

31.26%-11.8pp

Employer contribution / active EE

$6,001

$2,375+152.7%

$2,916+105.8%

$2,728+120.0%

Participant deferral / active EE

$12,794

$3,505+265.0%

$4,323+195.9%

$4,651+175.1%

Admin fee / account holder

$216

$526-59.0%

$7,355-97.1%

$433-50.2%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI

Service code 27

150 N COLLEGE ST · CHARLOTTE, NC 28255

Advisory (Plan)

$81,141

LINCOLN NATIONAL CORPORATION7 years

Service code 13 · EIN 35-1140070

Contract Administrator

$59,658

PENSION ASSURANCE LLP1 year

Service code 27

5126 CLARETON DRIVE · AGOURA HILLS, CA 91301

Advisory (Plan)

$15,589

RETIREWELL ADMINISTRATORS7 years

Service code 15

1002 LINCOLN DRIVE W · MARLTON, NJ 08053

Recordkeeping

$13,956

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

OLO INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLO INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion