Gandara Mental Health Center 401(k) Review & Grade
Gandara Mental Health Center, Inc. Benefit Plans
Springfield, MAHealth Care & Social Assistance1,634 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$207Employer $ per active participant
$424Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$4.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.8 / 5022th percentile for employer $ per participant
- Low cost10.6 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score26 / 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 | 22th |
| Lower admin cost | 42th |
| Employee saving | 9th |
| 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
- Gandara Mental Health Center put in about $207 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 | $338,723 |
| Participant (employee) contributions | $693,134 |
| Other contributions (incl. rollovers in) | $6,354 |
| Administrative expenses paid from the plan | $10,028 |
| Benefits paid out | $198,469 |
| Net assets, start / end of year | $2.9M / $4.1M |
| Active participants, start / end of year | 1,593 / 1,676 |
| Participants with account balances | 290 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Whittlesey PC |
Largest service providers (Schedule C)
| Mutual of America Sec. Corp LLC | $7,081 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260415085829NAL0011681395001, received 2026-04-15, EIN 04-2622756, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.