Pinnacle Home Care, Inc. 401(k) Review & Grade
Pinnacle Home Care, Inc. 401(k) Profit Sharing Plan
Spring Hill, FLHealth Care & Social Assistance803 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,716Employer $ per active participant
$3,121Employee $ saved per active participant
0.64%Direct admin cost, % of plan assets
$12.3MNet plan assets, end of year
$28,196Average balance per account
Score breakdown
- Employer generosity32.8 / 5066th percentile for employer $ per participant
- Low cost3.9 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score48 / 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 | 66th |
| Lower admin cost | 16th |
| Employee saving | 58th |
| 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
- Pinnacle Home Care put in about $1,716 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 (0.64% 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 | $1,378,184 |
| Participant (employee) contributions | $2,506,074 |
| Other contributions (incl. rollovers in) | $181,878 |
| Administrative expenses paid from the plan | $65,269 |
| Contract administrator fees | $58,185 |
| Other admin expenses | $79 |
| Benefits paid out | $864,967 |
| Net assets, start / end of year | $8.2M / $12.3M |
| Active participants, start / end of year | 840 / 766 |
| Participants with account balances | 436 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Freed Maxick, P.C. |
Largest service providers (Schedule C)
| Merrill Lynch Pierce Fenner Smith I | $24,072 reported compensation |
| Ascensus Holdings Inc DBA Futurepla | $12,950 reported compensation |
| Empower Annuity Insurance Company | $3,232 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260323133538NAL0000758499001, received 2026-03-23, EIN 45-0502569, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.