Era Living, LLC 401(k) Review & Grade
Era Living, LLC 401(k) Plan
Seattle, WAHealth Care & Social Assistance648 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$825Employer $ per active participant
$2,846Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$33.3MNet plan assets, end of year
$33,927Average balance per account
Score breakdown
- Employer generosity23.0 / 5046th percentile for employer $ per participant
- Low cost7.7 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 31th |
| Employee saving | 55th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,553 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Era Living put in about $825 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 (0.40% 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.
- 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 | $534,991 |
| Participant (employee) contributions | $1,845,920 |
| Other contributions (incl. rollovers in) | $156,734 |
| Administrative expenses paid from the plan | $120,876 |
| Contract administrator fees | $119,326 |
| Other admin expenses | $1,550 |
| Benefits paid out | $1,230,596 |
| Net assets, start / end of year | $27.6M / $33.3M |
| Active participants, start / end of year | 649 / 648 |
| Participants with account balances | 981 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Voya Retirement Ins and Annuity Co | $121,210 reported compensation |
| LPL Financial Corporation | $56,849 reported compensation |
| Pension Design & Admin., Inc. | $14,199 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014221418NAL0001837347001, received 2025-10-14, EIN 26-1609826, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.