Mercy House Living Centers 401(k) Review & Grade
Mercy House Living Centers 403(b) Plan
Santa Ana, CAHealth Care & Social Assistance534 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$275Employer $ per active participant
$578Employee $ saved per active participant
1.26%Direct admin cost, % of plan assets
$1.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.4 / 5025th percentile for employer $ per participant
- Low cost1.0 / 254th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score18 / 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 | 25th |
| Lower admin cost | 4th |
| Employee saving | 13th |
| 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
- Mercy House Living Centers put in about $275 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 (1.26% 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 | $147,032 |
| Participant (employee) contributions | $309,079 |
| Other contributions (incl. rollovers in) | $152,012 |
| Administrative expenses paid from the plan | $12,313 |
| Benefits paid out | $174,989 |
| Net assets, start / end of year | $716,157 / $1.2M |
| Active participants, start / end of year | 619 / 450 |
| Participants with account balances | 127 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20251014164553NAL0001696275001, received 2025-10-14, EIN 33-0315864, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.