Public Health Foundation Enterprises, Inc., DBA Heluna Health 401(k) Review & Grade
Public Health Foundation Enterprises, Inc. 403(b) Plan
City of Industry, CAOther Services1,918 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,373Employer $ per active participant
$4,900Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$200.1MNet plan assets, end of year
$59,510Average balance per account
Score breakdown
- Employer generosity43.7 / 5087th percentile for employer $ per participant
- Low cost12.1 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 48th |
| Employee saving | 74th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Public Health Foundation Enterprises, Inc., DBA Heluna Health put in about $4,373 per active participant, more than the typical peer ($1,257). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $8,389,370 |
| Participant (employee) contributions | $9,399,831 |
| Other contributions (incl. rollovers in) | $870,435 |
| Administrative expenses paid from the plan | $455,419 |
| Investment advisory & management fees | $278,820 |
| Benefits paid out | $19,625,066 |
| Net assets, start / end of year | $178.6M / $200.1M |
| Active participants, start / end of year | 1,960 / 1,877 |
| Participants with account balances | 3,363 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Morgan Stanley | $271,216 reported compensation |
| Empower Annuity Insurance Company | $155,325 reported compensation |
| Public Health Foundation Enterprise | $21,274 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260403171253NAL0003957888001, received 2026-04-03, EIN 95-2557063, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.