Preferred Family Healthcare, Incorporated 401(k) Review & Grade
Preferred Family Healthcare Employee's Profit Sharing Plan
Springfield, MOHealth Care & Social Assistance2,594 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$34Employer $ per active participant
$65Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$68Net plan assets, end of year
–Average balance per account
Score breakdown
- Employer generosity7.9 / 5016th percentile for employer $ per participant
- Low cost5.5 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 22th |
| Employee saving | 3th |
| Peers that auto-enroll | 38% |
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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
- Preferred Family Healthcare, Incorporated put in about $34 per active participant, below the typical peer ($800). 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 (0.31% of assets) are well above similar-size plans (0.12%). 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 | $88,844 |
| Participant (employee) contributions | $168,896 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $66,275 |
| Investment advisory & management fees | $30,000 |
| Benefits paid out | $45,656,769 |
| Net assets, start / end of year | $42.9M / $68 |
| Active participants, start / end of year | 2,594 / 0 |
| Participants with account balances | 0 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | KPM Cpas PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $36,275 reported compensation |
| Cbiz Investment Advisory Services | $30,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250825210436NAL0014378160001, received 2025-08-25, EIN 43-1236557, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.