Planned Parenthood Mar Monte, Inc. 401(k) Review & Grade
401(k) Profit Sharing Plan for the Employees of Planned Parenthood Mar Monte, Inc.
San Jose, CAHealth Care & Social Assistance776 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,323Employer $ per active participant
$3,322Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$70.7MNet plan assets, end of year
$56,805Average balance per account
Score breakdown
- Employer generosity44.5 / 5089th percentile for employer $ per participant
- Low cost14.7 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 59th |
| Employee saving | 60th |
| 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
- Planned Parenthood Mar Monte put in about $4,323 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 | $3,356,645 |
| Participant (employee) contributions | $2,579,408 |
| Other contributions (incl. rollovers in) | $1,013,082 |
| Administrative expenses paid from the plan | $115,479 |
| Investment advisory & management fees | $57,273 |
| Benefits paid out | $5,183,758 |
| Net assets, start / end of year | $61.5M / $70.7M |
| Active participants, start / end of year | 800 / 753 |
| Participants with account balances | 1,245 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $58,206 reported compensation |
| Gallagher Benefit Services Inc DBA | $44,999 reported compensation |
| Empower Advisory Group, LLC | $12,274 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250721165807NAL0004475794001, received 2025-07-21, EIN 94-1583439, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.