Migrant Health Center Western Region Inc 401(k) Review & Grade
Migrant Health Center Western Region Inc. 1081.01 Retirement Plan and Trust
Mayaguez, PRHealth Care & Social Assistance586 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,198Employer $ per active participant
$1,378Employee $ saved per active participant
0.63%Direct admin cost, % of plan assets
$14.1MNet plan assets, end of year
$20,140Average balance per account
Score breakdown
- Employer generosity27.6 / 5055th percentile for employer $ per participant
- Low cost4.0 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1531th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 16th |
| Employee saving | 31th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Migrant Health Center Western Region put in about $1,198 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 (0.63% 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.
- 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 | $701,632 |
| Participant (employee) contributions | $806,597 |
| Other contributions (incl. rollovers in) | $34,594 |
| Administrative expenses paid from the plan | $82,957 |
| Other admin expenses | $82,957 |
| Benefits paid out | $490,079 |
| Net assets, start / end of year | $12.0M / $14.1M |
| Active participants, start / end of year | 554 / 617 |
| Participants with account balances | 701 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | PKF PR LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $85,983 reported compensation |
| Osaic FS Inc | $47,730 reported compensation |
| Leafhouse Financial Advisor LLC | $6,432 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926122917NAL0010843024001, received 2025-09-26, EIN 66-0427801, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.