North East Medical Services 401(k) Review & Grade
North East Medical Services Profit Sharing 401(k) Plan
Daly City, CAHealth Care & Social Assistance1,056 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,358Employer $ per active participant
$7,761Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$175.0MNet plan assets, end of year
$119,277Average balance per account
Score breakdown
- Employer generosity48.4 / 5097th percentile for employer $ per participant
- Low cost16.8 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 67th |
| Employee saving | 95th |
| 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
- North East Medical Services put in about $8,358 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $8,821,658 |
| Participant (employee) contributions | $8,191,894 |
| Other contributions (incl. rollovers in) | $395,852 |
| Administrative expenses paid from the plan | $207,771 |
| Contract administrator fees | $207,771 |
| Benefits paid out | $5,866,778 |
| Net assets, start / end of year | $144.0M / $175.0M |
| Active participants, start / end of year | 1,015 / 1,096 |
| Participants with account balances | 1,467 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lee CPA Audit Group |
Largest service providers (Schedule C)
| Newport Group / Newport Trust Co. | $138,446 reported compensation |
| Pension Benefit Consultants | $69,450 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250830132910NAL0020454208001, received 2025-08-30, EIN 94-1722562, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.