Oakdale Seniors Alliance 401(k) match, vesting and fees
What Oakdale Seniors Alliance's 401(k) plan says about matching contributions
The Plan provides a matching contribution equal to 50% of employee deferrals up to 4% of eligible compensation.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 35 ↗ |
| Match vesting | Participants are vested immediately in their contributions plus earnings thereon. Vesting in the employer contribution portion of their accounts is based on years of service. After two years of service, a participant becomes 20% vested in employer contributions in the Plan; the vesting increases by 20% each year. A participant is 100% vested after six years of credited services, or if employed upon reaching plan retirement age of sixty-five, death, or disability. | Audit report, p. 36 ↗ |
| Roth contributions | Participants may contribute up to 90% of annual eligible compensation, as defined in the Plan, and designate those contributions as either pre-tax or Roth. | Audit report, p. 35 ↗ |
| Loans | Participants may borrow from their accounts a minimum of $1,000 up to a maximum equal to $50,000 or 50% of the participant’s vested account balance, whichever is less. The loans are secured by the balance in the participant’s account. A participant may have one loan outstanding at one time. The loan interest rate is set at 1% above the prime rate that was effective at the time the loan was issued, as defined. | Audit report, p. 36 ↗ |
| Recordkeeper | John Hancock Life Insurance Company | Schedule C ↗ |
| Independent auditor | Uhy LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 7,678 defined-contribution plans in health care and social assistance with 100 to 499 participants.
| Oakdale Seniors Alliance: employer contribution per participant | $569 | |
| Peer median | $1,468 |
| Oakdale Seniors Alliance: average balance | $11,350 | |
| Peer median | $37,786 |
| Oakdale Seniors Alliance: admin expenses ÷ assets | 2.30% | |
| Peer median | 0.39% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $584K at the end of plan year 2022 to $4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,793 | $4M | $200K | $569 | 2.30% | Quoted in the audit report, p. 35 ↗ | Form 5500 ↗ |
| 2023 | 1,117 | $1.3M | $157K | $688 | 3.22% | Not published | Form 5500 ↗ |
| 2022 | 410 | $584K | $4,870 | $28 | 0.17% | Not published | Form 5500 ↗ |
Common questions
Does Oakdale Seniors Alliance match 401(k) contributions?
The audit report attached to the Oakdale Seniors Alliance, LLC 401(k) Plan's plan year 2024 Form 5500, page 35 says: “The Plan provides a matching contribution equal to 50% of employee deferrals up to 4% of eligible compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Oakdale Seniors Alliance 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 36 says: “Participants are vested immediately in their contributions plus earnings thereon. Vesting in the employer contribution portion of their accounts is based on years of service. After two years of service, a participant becomes 20% vested in employer contributions in the Plan; the vesting increases by 20% each year. A participant is 100% vested after six years of credited services, or if employed upon reaching plan retirement age of sixty-five, death, or disability.”
Who manages the Oakdale Seniors Alliance 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock Life Insurance Company. The plan administrator is Administrative Group, LLC DBA Tag Resources.
I left Oakdale Seniors Alliance. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Administrative Group, LLC DBA Tag Resources, (865) 670-1844) or the recordkeeper, John Hancock Life Insurance Company. The Oakdale Seniors Alliance old 401(k) page lists the contacts from every plan filing. Find an old Oakdale Seniors Alliance 401(k)
Data from the public Form 5500 annual reports Oakdale Seniors Alliance filed with the U.S. Department of Labor (plan years 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Oakdale Seniors Alliance. Not financial advice. Report a correction · Methodology