California Clinic Management, LLC 401(k) Review & Grade
Acuity Eye Group 401(k) Plan
Pasadena, CAHealth Care & Social Assistance806 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$474Employer $ per active participant
$2,642Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$16.1MNet plan assets, end of year
$22,472Average balance per account
Score breakdown
- Employer generosity17.0 / 5034th percentile for employer $ per participant
- Low cost5.5 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 22th |
| Employee saving | 52th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,789,425 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $66,318 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- California Clinic Management put in about $474 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.52% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $381,712 |
| Participant (employee) contributions | $2,127,880 |
| Other contributions (incl. rollovers in) | $257,626 |
| Administrative expenses paid from the plan | $76,420 |
| Investment advisory & management fees | $27,901 |
| Benefits paid out | $2,008,962 |
| Net assets, start / end of year | $13.5M / $16.1M |
| Active participants, start / end of year | 727 / 884 |
| Participants with account balances | 718 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Scott Miller CPA and Associates, PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $48,519 reported compensation |
| Global Retirement Partners LLC | $27,901 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260714173016NAL0002713266001, received 2026-07-14, EIN 47-4855313, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.