Argus Management Company LLC 401(k) Review & Grade
Prohealth Partners/argus Medical Management 401(k) Retirement Savings Plan · d/b/a Argus Medical Management LLC
Cypress, CAHealth Care & Social Assistance640 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,355Employer $ per active participant
$3,926Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$58.2MNet plan assets, end of year
$99,224Average balance per account
Score breakdown
- Employer generosity38.0 / 5076th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 61th |
| Employee saving | 68th |
| 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 ($14,795 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $143,260 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Argus Management Company put in about $2,355 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 | $1,507,419 |
| Participant (employee) contributions | $2,512,797 |
| Other contributions (incl. rollovers in) | $1,704,755 |
| Administrative expenses paid from the plan | $87,675 |
| Investment advisory & management fees | $50,000 |
| Other admin expenses | $10,000 |
| Benefits paid out | $4,918,979 |
| Net assets, start / end of year | $49.6M / $58.2M |
| Active participants, start / end of year | 603 / 677 |
| Participants with account balances | 587 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Morgan Stanley Smith Barney LLC | $50,000 reported compensation |
| Fidelity Investments Institutional | $18,034 reported compensation |
| Pension Assurance LLP | $11,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010184605NAL0008099249001, received 2025-10-10, EIN 95-4518318, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.