Florida Woman Care, LLC 401(k) Review & Grade
Uwh of Florida LLC 401(k) Retirement Plan
Tampa, FLHealth Care & Social Assistance1,970 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,957Employer $ per active participant
$6,312Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$254.8MNet plan assets, end of year
$89,326Average balance per account
Score breakdown
- Employer generosity47.5 / 5095th percentile for employer $ per participant
- Low cost15.4 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 62th |
| Employee saving | 90th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($42,696 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Florida Woman Care put in about $6,957 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $13,706,192 |
| Participant (employee) contributions | $12,435,593 |
| Other contributions (incl. rollovers in) | $415,111 |
| Administrative expenses paid from the plan | $379,979 |
| Investment advisory & management fees | $18,500 |
| Benefits paid out | $24,250,256 |
| Net assets, start / end of year | $224.1M / $254.8M |
| Active participants, start / end of year | 1,892 / 2,048 |
| Participants with account balances | 2,853 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Williams Overman Pierce |
Largest service providers (Schedule C)
| MVP Plan Administrators, Inc | $319,288 reported compensation |
| Charles Schwab Trust Bank | $42,191 reported compensation |
| Gordon Asset Management | $18,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013111127NAL0000529811001, received 2025-10-13, EIN 26-0609255, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.