Centria Healthcare, LLC 401(k) Review & Grade
The Centria Group 401(k) Plan
Farmington Hills, MIManagement of Companies2,738 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$510Employer $ per active participant
$979Employee $ saved per active participant
0.76%Direct admin cost, % of plan assets
$11.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.4 / 507th percentile for employer $ per participant
- Low cost1.8 / 257th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 7th |
| Employee saving | 2th |
| Peers that auto-enroll | 58% |
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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
- Centria Healthcare put in about $510 per active participant, below the typical peer ($3,455). 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 (0.76% of assets) are well above similar-size plans (0.12%). 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 | $1,396,766 |
| Participant (employee) contributions | $2,681,509 |
| Other contributions (incl. rollovers in) | $1,001,817 |
| Administrative expenses paid from the plan | $72,096 |
| Contract administrator fees | $34,366 |
| Investment advisory & management fees | $37,730 |
| Benefits paid out | $1,411,694 |
| Net assets, start / end of year | $7.1M / $11.9M |
| Active participants, start / end of year | 2,419 / 3,057 |
| Participants with account balances | 765 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Uhy, LLP |
Largest service providers (Schedule C)
| Mma Securities LLC | $39,361 reported compensation |
| Principal Life Insurance Company | $34,366 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014151703NAL0003259585001, received 2025-10-14, EIN 27-1402749, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.