Primecare Medical, Inc. 401(k) Review & Grade
Primecare Medical, Inc. Employees Retirement Plan
Harrisburg, PAHealth Care & Social Assistance1,122 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$760Employer $ per active participant
$2,517Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$26.5MNet plan assets, end of year
$43,402Average balance per account
Score breakdown
- Employer generosity22.1 / 5044th percentile for employer $ per participant
- Low cost12.3 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1550th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 49th |
| Employee saving | 50th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $309,759 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Primecare Medical put in about $760 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.
- 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 | $852,168 |
| Participant (employee) contributions | $2,824,456 |
| Other contributions (incl. rollovers in) | $397,871 |
| Administrative expenses paid from the plan | $56,611 |
| Contract administrator fees | $56,611 |
| Benefits paid out | $1,889,714 |
| Net assets, start / end of year | $21.7M / $26.5M |
| Active participants, start / end of year | 1,050 / 1,194 |
| Participants with account balances | 611 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mckonly & Asbury, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $56,611 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930084149NAL0014602176001, received 2025-09-30, EIN 23-2428261, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.