Programa De Servicios De Salud En El Hogar Y Hospicio San Lucas 401(k) Review & Grade
ST Luke Home Care and Hospice Retirement Plan
Ponce, PRHealth Care & Social Assistance638 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$134Employer $ per active participant
$425Employee $ saved per active participant
0.77%Direct admin cost, % of plan assets
$5.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity8.8 / 5018th percentile for employer $ per participant
- Low cost2.7 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving1.4 / 159th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score3 / 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 | 11th |
| Employee saving | 9th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($95 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Programa De Servicios De Salud En El Hogar Y Hospicio San Lucas put in about $134 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 (0.77% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $85,707 |
| Participant (employee) contributions | $270,622 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $38,338 |
| Other admin expenses | $38,338 |
| Benefits paid out | $456,471 |
| Net assets, start / end of year | $4.8M / $5.1M |
| Active participants, start / end of year | 638 / 637 |
| Participants with account balances | 280 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RRC CPA Group, PSC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $25,634 reported compensation |
| Pension Administrators Group | $20,730 reported compensation |
| Empower Advisory Group, LLC | $798 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731095229NAL0012828898001, received 2025-07-31, EIN 66-0592943, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.