Pt-1 Intermediate Holdings, LLC 401(k) Review & Grade
Pt-1 Intermediate Holdings, LLC 401(k) Plan
Cotati, CAHealth Care & Social Assistance917 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$375Employer $ per active participant
$1,144Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$13.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity14.4 / 5029th percentile for employer $ per participant
- Low cost7.8 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score26 / 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 | 29th |
| Lower admin cost | 31th |
| Employee saving | 26th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $57,683 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pt-1 Intermediate Holdings put in about $375 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 (0.39% 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 | $343,957 |
| Participant (employee) contributions | $1,048,986 |
| Other contributions (incl. rollovers in) | $155,126 |
| Administrative expenses paid from the plan | $49,846 |
| Contract administrator fees | $49,846 |
| Benefits paid out | $1,909,322 |
| Net assets, start / end of year | $12.3M / $13.2M |
| Active participants, start / end of year | 863 / 971 |
| Participants with account balances | 393 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kosmatka Donnelly & Co., LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $49,846 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015123829NAL0006101200001, received 2025-10-15, EIN 68-0461114, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.