La Maestra Family Clinic, Inc. 401(k) Review & Grade
La Maestra Family Clinic, Inc. 401(k) Plan
San Diego, CAHealth Care & Social Assistance838 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,491Employer $ per active participant
$3,101Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$26.1MNet plan assets, end of year
$51,711Average balance per account
Score breakdown
- Employer generosity30.8 / 5062th percentile for employer $ per participant
- Low cost6.8 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1557th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 27th |
| Employee saving | 57th |
| 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
- La Maestra Family Clinic put in about $1,491 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.
- Direct plan expenses (0.44% 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 | $1,249,429 |
| Participant (employee) contributions | $2,598,662 |
| Other contributions (incl. rollovers in) | $56,972 |
| Administrative expenses paid from the plan | $103,603 |
| Investment advisory & management fees | $48,235 |
| Benefits paid out | $1,114,704 |
| Net assets, start / end of year | $20.7M / $26.1M |
| Active participants, start / end of year | 746 / 930 |
| Participants with account balances | 505 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | PKF San Diego, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $55,368 reported compensation |
| Morgan Stanley Smith Barney LLC | $48,235 reported compensation |
| Wells Fargo Clearing Services LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013125651NAL0002944146001, received 2025-10-13, EIN 33-0473171, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.