Unio Health Partners, LLC 401(k) Review & Grade
Unio Health Partners, LLC Employees' 401(k) Profit Sharing Plan
Torrance, CAHealth Care & Social Assistance698 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,810Employer $ per active participant
$6,212Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$59.0MNet plan assets, end of year
$74,085Average balance per account
Score breakdown
- Employer generosity33.8 / 5068th percentile for employer $ per participant
- Low cost18.9 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1589th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score63 / 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 | 68th |
| Lower admin cost | 76th |
| Employee saving | 89th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($6,205 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,776 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Unio Health Partners put in about $1,810 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,262,290 |
| Participant (employee) contributions | $4,332,737 |
| Other contributions (incl. rollovers in) | $861,201 |
| Administrative expenses paid from the plan | $51,024 |
| Investment advisory & management fees | $12,362 |
| Benefits paid out | $3,429,145 |
| Net assets, start / end of year | $49.7M / $59.0M |
| Active participants, start / end of year | 699 / 696 |
| Participants with account balances | 796 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Kieckhafer Schiffer LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services Inc | $38,662 reported compensation |
| Prosperitas Financial LLC | $8,446 reported compensation |
| Charles Schwab & Co., Inc. | $933 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251103130754NAL0005568355001, received 2025-11-03, EIN 27-4201304, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.