Premier Therapy LLC 401(k) Review & Grade
Premier Therapy LLC Employees' 401(k) Plan
Beaver Falls, PAHealth Care & Social Assistance952 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$253Employer $ per active participant
$1,230Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$20.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.0 / 5024th percentile for employer $ per participant
- Low cost5.7 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score22 / 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 | 24th |
| Lower admin cost | 23th |
| Employee saving | 28th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $25,697 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Premier Therapy put in about $253 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 (0.51% 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 | $241,200 |
| Participant (employee) contributions | $1,170,837 |
| Other contributions (incl. rollovers in) | $44,186 |
| Administrative expenses paid from the plan | $96,115 |
| Contract administrator fees | $96,115 |
| Benefits paid out | $1,658,809 |
| Net assets, start / end of year | $17.9M / $20.2M |
| Active participants, start / end of year | 841 / 1,063 |
| Participants with account balances | 421 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hill, Barth & King LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $96,115 reported compensation |
| Axa Advisors, LLC. | $34,485 reported compensation |
| Premier Therapy LLC | $11,046 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008140019NAL0003336163001, received 2025-10-08, EIN 31-1746182, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.