Foursquare Healthcare LTD. 401(k) Review & Grade
Foursquare Healthcare 401(k) Retirement Plan
Rockwall, TXHealth Care & Social Assistance1,068 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$373Employer $ per active participant
$1,225Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$12.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity14.4 / 5029th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score24 / 100 · Grade F
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 | 21th |
| Employee saving | 27th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $63,526 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Foursquare Healthcare put in about $373 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.
- Direct plan expenses (0.53% 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 | $398,533 |
| Participant (employee) contributions | $1,307,160 |
| Other contributions (incl. rollovers in) | $119,414 |
| Administrative expenses paid from the plan | $59,480 |
| Investment advisory & management fees | $10,000 |
| Benefits paid out | $987,658 |
| Net assets, start / end of year | $10.1M / $12.1M |
| Active participants, start / end of year | 1,110 / 1,025 |
| Participants with account balances | 298 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hm&m Group, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $35,480 reported compensation |
| Hm&m Group, LLC | $14,000 reported compensation |
| Global Retirement Partners LLC | $10,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915134108NAL0001413472001, received 2025-09-15, EIN 26-4219383, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.