Preferred Podiatry Management LLC 401(k) Review & Grade
Assembly Health Plan 401(k)
Chicago, ILHealth Care & Social Assistance619 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$138Employer $ per active participant
$2,024Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$16.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.1 / 5018th percentile for employer $ per participant
- Low cost6.2 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score25 / 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 | 18th |
| Lower admin cost | 25th |
| Employee saving | 42th |
| 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
- Preferred Podiatry Management put in about $138 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 (0.48% 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 | $85,530 |
| Participant (employee) contributions | $1,252,552 |
| Other contributions (incl. rollovers in) | $530,364 |
| Administrative expenses paid from the plan | $66,168 |
| Contract administrator fees | $55,600 |
| Other admin expenses | $10,568 |
| Benefits paid out | $1,356,947 |
| Net assets, start / end of year | $11.0M / $16.7M |
| Active participants, start / end of year | 559 / 679 |
| Participants with account balances | 256 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $55,538 reported compensation |
| Hauser Retirement Solutions 2 LLC | $23,776 reported compensation |
| Creative Planning LLC | $13,986 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014121931NAL0002871249001, received 2025-10-14, EIN 45-2538551, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.