Retirement plan

OAKLAND MANAGEMENT TAX-DEFERRED SAVINGS PLAN

Name: OAKLAND MANAGEMENT CORP - OAKLAND MANAGEMENT TAX-DEFERRED SAVINGS PLAN (2024) Form 5500
Creator: OAKLAND MANAGEMENT CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OAKLAND MANAGEMENT TAX-DEFERRED SAVINGS PLAN, OAKLAND MANAGEMENT CORP

OAKLAND MANAGEMENT CORPEIN 38-3196699Plan #001PY 2024

31731 NORTHWESTERN HIGHWAY, SUITE 250-W - FARMINGTON HILLS, MI 48334248-737-6126

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$19.6M

+22.9% from 2023

Total participants

1,090

+4.2% from 2023

Average account balance

$47,119

+17.0% from 2023

Annual return

12.95%

-8.74 pp from 2023

Benchmarks

See 154 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants1,000-4,999

Cohort154 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.65M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

417

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.

33.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$118

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 4 by compensation

Provider	Service type	Compensation
ASCENSUS LLC1 year Service code 37 · EIN 11-3665754	Loan Processing	$15,070
UNITED OF OMAHA7 years Service code 15 · EIN 47-0322111	Recordkeeping	$13,793
GALLAGHER FIDUCIARY ADVISORS, LLC3 years Filed as: GALLAGHER FIDUCIARY ADVISORS Service code 27 PO BOX 71396 · CHICAGO, IL 60694	Advisory (Plan)	$12,000
FREEDMAN & GOLDBERG, CPA'S PC6 years Filed as: FREEDMAN & GOLDBERG CPAS Service code 10 31150 NORTHWESTERN HWY · FARMINGTON HILLS, MI 48334	Accounting	$8,300

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$49K

$49 / participant

Investment mgmt$12K24.4%
Contract admin$29K58.7%
Other / not subdivided$8K16.9%

% of EOY assets

0.250%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FREEDMAN & GOLDBERG, C.P.A.S, P.C.
Auditor EIN: 382622626
Audit fees: $8,300
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,119

$58,644-19.7%

$178,540-73.6%

$199,960-76.4%

Participation rate

33.0%

65.5%-32.4pp

77.1%-44.1pp

72.0%-39.0pp

Annual return

12.95%

19.25%-6.3pp

27.15%-14.2pp

34.28%-21.3pp

Employer contribution / active EE

$614

$1,801-65.9%

$3,953-84.5%

$3,036-79.8%

Participant deferral / active EE

$2,128

$4,248-49.9%

$6,281-66.1%

$5,087-58.2%

Admin fee / account holder

$118

$145-18.9%

$10,424-98.9%

$269-56.2%

Provider

Service type

Compensation

ASCENSUS LLC1 year

Service code 37 · EIN 11-3665754

Loan Processing

$15,070

UNITED OF OMAHA7 years

Service code 15 · EIN 47-0322111

Recordkeeping

$13,793

GALLAGHER FIDUCIARY ADVISORS, LLC3 years

Filed as: GALLAGHER FIDUCIARY ADVISORS

Service code 27

PO BOX 71396 · CHICAGO, IL 60694

Advisory (Plan)

$12,000

FREEDMAN & GOLDBERG, CPA'S PC6 years

Filed as: FREEDMAN & GOLDBERG CPAS

Service code 10

31150 NORTHWESTERN HWY · FARMINGTON HILLS, MI 48334

Accounting

$8,300

OAKLAND MANAGEMENT TAX-DEFERRED SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OAKLAND MANAGEMENT TAX-DEFERRED SAVINGS PLAN

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