Premier Early Childhood Education Partners LLC 401(k) Review & Grade
Premier Early Childhood Education Partners LLC 401k Plan
Chicago, ILHealth Care & Social Assistance2,548 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$93Employer $ per active participant
$333Employee $ saved per active participant
0.55%Direct admin cost, % of plan assets
$4.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.3 / 5023th percentile for employer $ per participant
- Low cost2.8 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score9 / 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 | 23th |
| Lower admin cost | 11th |
| Employee saving | 12th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($21,083 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Premier Early Childhood Education Partners put in about $93 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 (0.55% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $236,644 |
| Participant (employee) contributions | $848,116 |
| Other contributions (incl. rollovers in) | $1,123,468 |
| Administrative expenses paid from the plan | $19,017 |
| Contract administrator fees | $19,017 |
| Benefits paid out | $350,517 |
| Net assets, start / end of year | $2.3M / $4.6M |
| Active participants, start / end of year | 2,226 / 2,869 |
| Participants with account balances | 459 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $19,017 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015134702NAL0002515651002, received 2025-10-15, EIN 83-0663273, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.