Rady Children's Physician Management Services, Inc. 401(k) Review & Grade
Rady Children's Physician Management Services, Inc. 401(k) Plan
San Diego, CAProfessional, Scientific & Technical Services564 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,176Employer $ per active participant
$3,988Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$23.4MNet plan assets, end of year
$42,702Average balance per account
Score breakdown
- Employer generosity18.0 / 5036th percentile for employer $ per participant
- Low cost9.3 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 37th |
| Employee saving | 20th |
| 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
- Rady Children's Physician Management Services put in about $2,176 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.
- 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 | $1,227,051 |
| Participant (employee) contributions | $2,249,173 |
| Other contributions (incl. rollovers in) | $290,144 |
| Administrative expenses paid from the plan | $68,756 |
| Investment advisory & management fees | $37,733 |
| Benefits paid out | $1,153,258 |
| Net assets, start / end of year | $18.4M / $23.4M |
| Active participants, start / end of year | 523 / 605 |
| Participants with account balances | 549 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C |
Largest service providers (Schedule C)
| Mma Securities | $37,733 reported compensation |
| Fidelity Investments Institutional | $31,023 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924154410NAL0009414931001, received 2025-09-24, EIN 33-0670694, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.