Prima Care, P.C. 401(k) Review & Grade
Prima Care, P. C. Profit Sharing Plan
Fall River, MAHealth Care & Social Assistance664 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,702Employer $ per active participant
$5,989Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$86.8MNet plan assets, end of year
$91,379Average balance per account
Score breakdown
- Employer generosity40.1 / 5080th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 26th |
| Employee saving | 88th |
| Peers that auto-enroll | 36% |
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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
- Prima Care put in about $2,702 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.46% 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 | $1,794,432 |
| Participant (employee) contributions | $3,976,616 |
| Other contributions (incl. rollovers in) | $294,249 |
| Administrative expenses paid from the plan | $369,761 |
| Investment advisory & management fees | $214,522 |
| Benefits paid out | $4,347,491 |
| Net assets, start / end of year | $75.2M / $86.8M |
| Active participants, start / end of year | 686 / 642 |
| Participants with account balances | 950 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Newman Noyes |
Largest service providers (Schedule C)
| Plimoth Investment Advisors | $214,522 reported compensation |
| Epic Retirement Plan Services | $155,239 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007123246NAL0004562305004, received 2025-10-07, EIN 04-3286529, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.