Scripps Clinic Medical Group, Inc. 401(k) Review & Grade
Scripps Clinic Medical Group, Inc. Retirement Savings Plan
La Jolla, CAHealth Care & Social Assistance1,066 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$25,424Employer $ per active participant
$17,509Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$962.1MNet plan assets, end of year
$761,171Average balance per account
Score breakdown
- Employer generosity49.8 / 50100th percentile for employer $ per participant
- Low cost13.6 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 1599th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score68 / 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 | 100th |
| Lower admin cost | 54th |
| Employee saving | 99th |
| Peers that auto-enroll | 36% |
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($10,452,842 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $33,427 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Scripps Clinic Medical Group put in about $25,424 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $27,102,329 |
| Participant (employee) contributions | $18,664,141 |
| Other contributions (incl. rollovers in) | $6,752,338 |
| Administrative expenses paid from the plan | $1,799,989 |
| Investment advisory & management fees | $1,799,289 |
| Benefits paid out | $35,171,491 |
| Net assets, start / end of year | $834.8M / $962.1M |
| Active participants, start / end of year | 1,059 / 1,073 |
| Participants with account balances | 1,264 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hutchinson & Bloodgood LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $603,920 reported compensation |
| Del Mar Wealth Management | $255,849 reported compensation |
| Hoylecohen LLC | $120,215 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008112839NAL0005479537002, received 2025-10-08, EIN 95-2885574, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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