Preston Health Services, Inc. 401(k) Review & Grade
Preston Health Services, Inc. Retirement Plan
Centre, ALProfessional, Scientific & Technical Services627 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$791Employer $ per active participant
$1,326Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$9.2MNet plan assets, end of year
$24,441Average balance per account
Score breakdown
- Employer generosity8.6 / 5017th percentile for employer $ per participant
- Low cost9.5 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving1.0 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 38th |
| Employee saving | 7th |
| Peers that auto-enroll | 48% |
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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
- Preston Health Services put in about $791 per active participant, below the typical peer ($3,082). 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.
- 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 | $496,260 |
| Participant (employee) contributions | $831,350 |
| Other contributions (incl. rollovers in) | $652,269 |
| Administrative expenses paid from the plan | $26,560 |
| Contract administrator fees | $15,560 |
| Benefits paid out | $926,716 |
| Net assets, start / end of year | $7.2M / $9.2M |
| Active participants, start / end of year | 559 / 695 |
| Participants with account balances | 377 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Black & Pinckard, LLC |
Largest service providers (Schedule C)
| Black & Pinckard, LLC | $11,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013135113NAL0003122898001, received 2025-10-13, EIN 20-3000448, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.