Prestige Care, Inc. 401(k) Review & Grade
Prestige Care 401(k) Plan
Vancouver, WAHealth Care & Social Assistance2,480 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$16Employer $ per active participant
$1,111Employee $ saved per active participant
0.72%Direct admin cost, % of plan assets
$27.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.8 / 5010th percentile for employer $ per participant
- Low cost3.0 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score1 / 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 | 12th |
| Employee saving | 24th |
| 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.
Corrective distributions: the plan refunded $11,341 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Prestige Care put in about $16 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 (0.72% 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 | $40,827 |
| Participant (employee) contributions | $2,755,729 |
| Other contributions (incl. rollovers in) | $68,374 |
| Administrative expenses paid from the plan | $211,030 |
| Investment advisory & management fees | $70,288 |
| Benefits paid out | $10,428,907 |
| Net assets, start / end of year | $31.3M / $27.2M |
| Active participants, start / end of year | 4,669 / 290 |
| Participants with account balances | 844 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clifton Larson Allen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $140,742 reported compensation |
| Wells Fargo Clearing Services LLC | $62,279 reported compensation |
| Strategic Advisors, Inc. | $8,009 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925110542NAL0007589889001, received 2025-09-25, EIN 91-1579385, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.