Future Care Health and Management Corporation 401(k) Review & Grade
Futurecare 401(k) Plan
Pasadena, MDProfessional, Scientific & Technical Services2,246 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$282Employer $ per active participant
$2,096Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$57.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.0 / 5010th percentile for employer $ per participant
- Low cost10.9 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 44th |
| Employee saving | 11th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Future Care Health and Management put in about $282 per active participant, below the typical peer ($3,082). 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.
- 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 | $632,889 |
| Participant (employee) contributions | $4,706,005 |
| Other contributions (incl. rollovers in) | $177,667 |
| Administrative expenses paid from the plan | $150,964 |
| Contract administrator fees | $78,738 |
| Investment advisory & management fees | $70,970 |
| Benefits paid out | $6,619,083 |
| Net assets, start / end of year | $52.1M / $57.4M |
| Active participants, start / end of year | 2,276 / 2,215 |
| Participants with account balances | 1,104 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Gorfine Schiller & Gardyn, PA |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $86,526 reported compensation |
| NFP Retirement Inc | $81,963 reported compensation |
| NFP Corporate Services (PA) Inc | $9,502 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015130907NAL0004934657001, received 2025-10-15, EIN 52-1508636, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.