City of Hope Medical Group, Inc. 401(k) Review & Grade
City of Hope Medical Group 401k Retirement Savings Plan
Duarte, CAHealth Care & Social Assistance594 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$47,937Employer $ per active participant
$8,335Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$387.2MNet plan assets, end of year
$545,351Average balance per account
Score breakdown
- Employer generosity50.0 / 50100th percentile for employer $ per participant
- Low cost20.0 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving14.3 / 1595th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 80th |
| Employee saving | 95th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $46,168 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- City of Hope Medical Group put in about $47,937 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $28,474,593 |
| Participant (employee) contributions | $4,951,126 |
| Other contributions (incl. rollovers in) | $7,961,558 |
| Administrative expenses paid from the plan | $264,534 |
| Investment advisory & management fees | $162,366 |
| Benefits paid out | $13,943,628 |
| Net assets, start / end of year | $313.0M / $387.2M |
| Active participants, start / end of year | 561 / 627 |
| Participants with account balances | 710 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Miller , Kaplan,arase & Co., LLP |
Largest service providers (Schedule C)
| Sage Advisory Group | $117,411 reported compensation |
| Schwab Retirement Plan Services,inc | $87,368 reported compensation |
| Creative Planning LLC | $22,692 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014145029NAL0006423922010, received 2025-10-14, EIN 27-2294296, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.