Management Health Systems, LLC 401(k) Review & Grade
Management Health Systems, LLC 401(k) Plan · d/b/a Medpro Healthcare Staffing
Sunrise, FLAdministrative, Support & Staffing Services2,986 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$312Employer $ per active participant
$1,664Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$21.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity23.8 / 5048th percentile for employer $ per participant
- Low cost2.0 / 258th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1557th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 8th |
| Employee saving | 57th |
| Peers that auto-enroll | 22% |
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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
- Management Health Systems put in about $312 per active participant, below the typical peer ($342). 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 (0.70% 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.
- 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 | $932,188 |
| Participant (employee) contributions | $4,969,827 |
| Other contributions (incl. rollovers in) | $583,594 |
| Administrative expenses paid from the plan | $133,034 |
| Contract administrator fees | $80,019 |
| Investment advisory & management fees | $53,015 |
| Benefits paid out | $3,510,303 |
| Net assets, start / end of year | $16.5M / $21.5M |
| Active participants, start / end of year | 2,699 / 3,274 |
| Participants with account balances | 1,390 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Stancorp Financial Group | $80,019 reported compensation |
| Sageview Advisory Group, LLC | $41,736 reported compensation |
| Gallagher Fiduciary Advisors, LLC | $11,280 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013092029NAL0001024705001, received 2025-10-13, EIN 58-2297524, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.