Jupiter Medical Center, Inc. 401(k) Review & Grade
Jupiter Medical Center, Inc. 403 (B) Retirement Savings Plan
Jupiter, FLHealth Care & Social Assistance2,557 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,456Employer $ per active participant
$3,593Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$126.0MNet plan assets, end of year
$55,794Average balance per account
Score breakdown
- Employer generosity30.5 / 5061th percentile for employer $ per participant
- Low cost5.7 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 23th |
| Employee saving | 58th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Auditor concern: the independent auditor gave a qualified or adverse opinion.
Corrective distributions: the plan refunded $1,069 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jupiter Medical Center put in about $1,456 per active participant, more than the typical peer ($800). 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.
- Direct plan expenses (0.30% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $3,723,426 |
| Participant (employee) contributions | $9,186,579 |
| Other contributions (incl. rollovers in) | $2,218,182 |
| Administrative expenses paid from the plan | $356,132 |
| Other admin expenses | $72,788 |
| Benefits paid out | $11,047,525 |
| Net assets, start / end of year | $108.4M / $126.0M |
| Active participants, start / end of year | 2,468 / 2,646 |
| Participants with account balances | 2,258 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015125310NAL0009675458001, received 2025-10-15, EIN 59-1460239, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.