Mission Healthcare Services, LLC 401(k) Review & Grade
Mission Healthcare Services, LLC 401(k) Plan
San Diego, CAHealth Care & Social Assistance1,159 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$17Employer $ per active participant
$4,258Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$26.9MNet plan assets, end of year
$17,855Average balance per account
Score breakdown
- Employer generosity4.8 / 5010th percentile for employer $ per participant
- Low cost5.6 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 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 | 10th |
| Lower admin cost | 22th |
| Employee saving | 71th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Mission Healthcare Services put in about $17 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 (0.51% 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 | $20,098 |
| Participant (employee) contributions | $4,934,698 |
| Other contributions (incl. rollovers in) | $346,337 |
| Administrative expenses paid from the plan | $125,597 |
| Investment advisory & management fees | $30,000 |
| Benefits paid out | $3,588,521 |
| Net assets, start / end of year | $22.3M / $26.9M |
| Active participants, start / end of year | 1,055 / 1,263 |
| Participants with account balances | 1,507 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly Us,llp |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $89,122 reported compensation |
| Global Retirement Partners LLC | $30,000 reported compensation |
| Baker Tilly US, LLP | $6,475 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250903161355NAL0015552657001, received 2025-09-03, EIN 46-2377559, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.