Crescent City Physicians, Inc. 401(k) Review & Grade
Lcmc Clinics 401(k) Retirement Savings Plan
New Orleans, LAHealth Care & Social Assistance613 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,580Employer $ per active participant
$4,693Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$76.2MNet plan assets, end of year
$131,335Average balance per account
Score breakdown
- Employer generosity39.1 / 5078th percentile for employer $ per participant
- Low cost16.1 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1576th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score60 / 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 | 78th |
| Lower admin cost | 64th |
| Employee saving | 76th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Crescent City Physicians put in about $2,580 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.
- 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 | $1,581,501 |
| Participant (employee) contributions | $2,876,529 |
| Other contributions (incl. rollovers in) | $47,157 |
| Administrative expenses paid from the plan | $94,021 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $9,414 |
| Benefits paid out | $6,524,604 |
| Net assets, start / end of year | $54.4M / $76.2M |
| Active participants, start / end of year | 457 / 769 |
| Participants with account balances | 580 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Laporte, Apac |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $84,607 reported compensation |
| Strategic Advisors, Inc. | $9,414 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013104047NAL0001735216001, received 2025-10-13, EIN 72-1269878, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.