West Harbor Healthcare LLC 401(k) Review & Grade
West Harbor Healthcare 401(k) Plan
Carlsbad, CAHealth Care & Social Assistance680 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$653Employer $ per active participant
$1,400Employee $ saved per active participant
0.75%Direct admin cost, % of plan assets
$6.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity20.4 / 5041th percentile for employer $ per participant
- Low cost2.8 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 11th |
| Employee saving | 31th |
| 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
- West Harbor Healthcare put in about $653 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 (0.75% 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 | $444,012 |
| Participant (employee) contributions | $952,071 |
| Other contributions (incl. rollovers in) | $36,409 |
| Administrative expenses paid from the plan | $42,037 |
| Investment advisory & management fees | $32,124 |
| Other admin expenses | $8,327 |
| Benefits paid out | $279,559 |
| Net assets, start / end of year | $4.7M / $6.5M |
| Active participants, start / end of year | 650 / 710 |
| Participants with account balances | 200 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wipfli |
Largest service providers (Schedule C)
| John Hancock Life Insurance Company | $38,754 reported compensation |
| Resource Investment Advisors | $25,772 reported compensation |
| Wilshire Associates, Inc. | $2,577 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015175242NAL0002832515001, received 2025-10-15, EIN 81-3033798, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.