Chicanos Por La Causa, Inc. 401(k) Review & Grade
Chicanos Por La Causa, Inc. 401(k) Plan
Phoenix, AZHealth Care & Social Assistance1,826 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,056Employer $ per active participant
$2,816Employee $ saved per active participant
0.65%Direct admin cost, % of plan assets
$38.7MNet plan assets, end of year
$17,153Average balance per account
Score breakdown
- Employer generosity25.9 / 5052th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score35 / 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 | 52th |
| Lower admin cost | 15th |
| Employee saving | 54th |
| 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 ($333 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $49,656 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Chicanos Por La Causa put in about $1,056 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.
- Direct plan expenses (0.65% 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.
- 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 | $1,927,079 |
| Participant (employee) contributions | $5,140,797 |
| Other contributions (incl. rollovers in) | $291,276 |
| Administrative expenses paid from the plan | $228,252 |
| Investment advisory & management fees | $59,662 |
| Other admin expenses | $425 |
| Benefits paid out | $4,356,439 |
| Net assets, start / end of year | $31.7M / $38.7M |
| Active participants, start / end of year | 1,645 / 2,006 |
| Participants with account balances | 2,258 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $157,140 reported compensation |
| Capfinancial Partners LLC | $60,087 reported compensation |
| Cliftonlarsonallen | $11,025 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925124256NAL0009180816001, received 2025-09-25, EIN 86-0227210, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.