Ideal Option PLLC 401(k) Review & Grade
Ideal Option PLLC 401(k) Plan
Pasco, WAHealth Care & Social Assistance690 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$263Employer $ per active participant
$2,300Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$10.4MNet plan assets, end of year
$28,628Average balance per account
Score breakdown
- Employer generosity12.2 / 5024th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1546th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score21 / 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 | 24th |
| Lower admin cost | 19th |
| Employee saving | 46th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $253,048 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ideal Option PLLC put in about $263 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 (0.58% 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.
- 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 | $181,549 |
| Participant (employee) contributions | $1,586,986 |
| Other contributions (incl. rollovers in) | $82,522 |
| Administrative expenses paid from the plan | $55,770 |
| Benefits paid out | $1,405,076 |
| Net assets, start / end of year | $8.9M / $10.4M |
| Active participants, start / end of year | 673 / 707 |
| Participants with account balances | 365 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Anastasi Moore Martin |
Largest service providers (Schedule C)
| LPL Financial LLC - Rpcp | $49,915 reported compensation |
| Nationwide | $30,348 reported compensation |
| Cascade Consultants, LLC | $4,930 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015143148NAL0002457299001, received 2025-10-15, EIN 45-5513274, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.