Homebridge, Inc. 401(k) Review & Grade
Homebridge 403(b) Plan
San Francisco, CAHealth Care & Social Assistance509 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,595Employer $ per active participant
$1,223Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$8.8MNet plan assets, end of year
$18,451Average balance per account
Score breakdown
- Employer generosity31.8 / 5064th percentile for employer $ per participant
- Low cost19.5 / 2578th 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-15 pts2 issues reported on the filing
Total score43 / 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 | 64th |
| Lower admin cost | 78th |
| Employee saving | 27th |
| 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 ($64,616 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Homebridge put in about $1,595 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 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 | $812,077 |
| Participant (employee) contributions | $622,598 |
| Other contributions (incl. rollovers in) | $1,268 |
| Administrative expenses paid from the plan | $6,878 |
| Contract administrator fees | $6,878 |
| Benefits paid out | $1,122,730 |
| Net assets, start / end of year | $7.7M / $8.8M |
| Active participants, start / end of year | 514 / 504 |
| Participants with account balances | 476 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Tiaa-Teachers Insurance and Annuity | $6,903 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008123253NAL0003280595001, received 2025-10-08, EIN 94-2985244, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.