Community Psychiatry Management, LLC 401(k) Review & Grade
Mindpath Health Retirement Plan · d/b/a Mindpath Health
Sacramento, CAHealth Care & Social Assistance996 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,239Employer $ per active participant
$7,901Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$64.5MNet plan assets, end of year
$32,037Average balance per account
Score breakdown
- Employer generosity42.0 / 5084th percentile for employer $ per participant
- Low cost4.1 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score70 / 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 | 84th |
| Lower admin cost | 16th |
| Employee saving | 95th |
| 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
- Community Psychiatry Management put in about $3,239 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 (0.62% 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.
- 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 | $3,227,201 |
| Participant (employee) contributions | $7,872,946 |
| Other contributions (incl. rollovers in) | $355,705 |
| Administrative expenses paid from the plan | $368,928 |
| Investment advisory & management fees | $118,684 |
| Benefits paid out | $8,003,382 |
| Net assets, start / end of year | $54.2M / $64.5M |
| Active participants, start / end of year | 1,022 / 971 |
| Participants with account balances | 2,014 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $149,674 reported compensation |
| Forest Capital Management LLC | $118,684 reported compensation |
| Futureplan by Ascensus | $100,473 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007190152NAL0004948449001, received 2025-10-07, EIN 47-4528472, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.