Sharp Rees-Stealy Medical Group, Inc. 401(k) Review & Grade
Sharp Rees-Stealy Medical Group, Inc. Retirement Savings Plan
San Diego, CAHealth Care & Social Assistance854 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,362Employer $ per active participant
$8,297Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$245.9MNet plan assets, end of year
$321,874Average balance per account
Score breakdown
- Employer generosity47.8 / 5096th percentile for employer $ per participant
- Low cost13.6 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving14.3 / 1595th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 55th |
| Employee saving | 95th |
| 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
- Sharp Rees-Stealy Medical Group put in about $7,362 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.
- 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 | $6,283,859 |
| Participant (employee) contributions | $7,081,139 |
| Other contributions (incl. rollovers in) | $1,082,057 |
| Administrative expenses paid from the plan | $457,145 |
| Investment advisory & management fees | $457,145 |
| Benefits paid out | $20,671,803 |
| Net assets, start / end of year | $214.4M / $245.9M |
| Active participants, start / end of year | 859 / 848 |
| Participants with account balances | 764 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lavine, Lofgren, Morris & Engelberg |
Largest service providers (Schedule C)
| Charles Schwab | $187,497 reported compensation |
| Morgan Stanley | $71,894 reported compensation |
| LPL Financial | $35,166 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015222626NAL0002924643001, received 2025-10-15, EIN 33-0106028, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.