El Proyecto Del Barrio, Inc. 401(k) Review & Grade
El Proyecto Del Barrio 403(b) Plan
Arleta, CAHealth Care & Social Assistance502 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$368Employer $ per active participant
$673Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$14.4MNet plan assets, end of year
$48,734Average balance per account
Score breakdown
- Employer generosity14.3 / 5029th percentile for employer $ per participant
- Low cost16.5 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1515th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score36 / 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 | 29th |
| Lower admin cost | 66th |
| Employee saving | 15th |
| 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
- El Proyecto Del Barrio put in about $368 per active participant, below the typical peer ($976). 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.
- 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 | $184,772 |
| Participant (employee) contributions | $338,138 |
| Other contributions (incl. rollovers in) | $58,982 |
| Administrative expenses paid from the plan | $19,482 |
| Benefits paid out | $90,797 |
| Net assets, start / end of year | $14.0M / $14.4M |
| Active participants, start / end of year | 516 / 489 |
| Participants with account balances | 295 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Vasquez & Company |
Largest service providers (Schedule C)
| Oppenheimer & Co Inc | $18,770 reported compensation |
| Empower Annuity Insurance Company O | $15,949 reported compensation |
| Empower Advisory Group, LLC | $532 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014173147NAL0001733475001, received 2025-10-14, EIN 95-2662606, plan #001, plan year 2024-10-01 to 2024-12-31. Verify at efast.dol.gov.