Homecentris Healthcare, LLC 401(k) Review & Grade
Homecentris Healthcare, LLC 401(k) Profit Sharing Plan and Trust
Owings Mills, MDHealth Care & Social Assistance986 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$82Employer $ per active participant
$413Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$3.2MNet plan assets, end of year
$6,356Average balance per account
Score breakdown
- Employer generosity7.0 / 5014th percentile for employer $ per participant
- Low cost8.6 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 158th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score14 / 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 | 14th |
| Lower admin cost | 34th |
| Employee saving | 8th |
| 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 ($184,387 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $50,309 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Homecentris Healthcare put in about $82 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 (0.36% 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.
- 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 | $80,774 |
| Participant (employee) contributions | $407,286 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $10,351 |
| Contract administrator fees | $5,475 |
| Investment advisory & management fees | $4,876 |
| Benefits paid out | $174,442 |
| Net assets, start / end of year | $2.6M / $3.2M |
| Active participants, start / end of year | 936 / 1,036 |
| Participants with account balances | 501 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | SC & H Attest Services, P.C. |
Largest service providers (Schedule C)
| Nationwide | $17,335 reported compensation |
| The Leaders Group | $13,709 reported compensation |
| American Retirement Plan Services | $4,117 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008082454NAL0012888898001, received 2025-10-08, EIN 46-5705434, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.