Fiduciary Wise, LLC Fbo PSN Services, LLC 401(k) Review & Grade
CPR Advisor K Mep Fiduciary Wise LLC
Gilbert, AZHealth Care & Social Assistance779 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,383Employer $ per active participant
$2,319Employee $ saved per active participant
1.25%Direct admin cost, % of plan assets
$11.8MNet plan assets, end of year
$20,388Average balance per account
Score breakdown
- Employer generosity29.5 / 5059th percentile for employer $ per participant
- Low cost1.0 / 254th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score37 / 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 | 59th |
| Lower admin cost | 4th |
| Employee saving | 46th |
| 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
- Fiduciary Wise, LLC Fbo PSN Services put in about $1,383 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 (1.25% 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.
- 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 | $1,077,037 |
| Participant (employee) contributions | $1,806,297 |
| Other contributions (incl. rollovers in) | $64,172 |
| Administrative expenses paid from the plan | $132,533 |
| Benefits paid out | $1,432,575 |
| Net assets, start / end of year | $9.4M / $11.8M |
| Active participants, start / end of year | 752 / 806 |
| Participants with account balances | 581 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Jason Underwood CPA, PLLC |
Largest service providers (Schedule C)
| CPR Financial & Insurance Services | $54,713 reported compensation |
| Futurebenefits of America | $41,495 reported compensation |
| Fiduciary Wise, LLC | $10,943 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015094511NAL0008904066001, received 2025-10-15, EIN 82-4690433, plan #340, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.