Dap Health 401(k) Review & Grade
Dap Health 401(k) Plan
Palm Springs, CAHealth Care & Social Assistance814 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,589Employer $ per active participant
$4,738Employee $ saved per active participant
0.67%Direct admin cost, % of plan assets
$22.5MNet plan assets, end of year
$24,267Average balance per account
Score breakdown
- Employer generosity43.0 / 5086th percentile for employer $ per participant
- Low cost3.6 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score65 / 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 | 86th |
| Lower admin cost | 14th |
| Employee saving | 76th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $33,334 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dap Health put in about $3,589 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 (0.67% 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 | $2,919,668 |
| Participant (employee) contributions | $3,854,589 |
| Other contributions (incl. rollovers in) | $1,061,308 |
| Administrative expenses paid from the plan | $125,949 |
| Investment advisory & management fees | $58,584 |
| Benefits paid out | $2,687,065 |
| Net assets, start / end of year | $15.2M / $22.5M |
| Active participants, start / end of year | 789 / 838 |
| Participants with account balances | 927 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Coachella Valley Accounting & Audit |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $58,584 reported compensation |
| Fidelity Investments Institutional | $55,365 reported compensation |
| Coachella Valley Accounting & Audi | $12,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015110534NAL0006049888001, received 2025-10-15, EIN 33-0068583, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.