Regency Pacific Management, LLC 401(k) Review & Grade
Regency Pacific 401(k) Retirement Plan · d/b/a Regency Pacific
Bellevue, WAHealth Care & Social Assistance2,351 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1Employer $ per active participant
$619Employee $ saved per active participant
1.29%Direct admin cost, % of plan assets
$6.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.8 / 508th percentile for employer $ per participant
- Low cost0.9 / 254th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score4 / 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 | 8th |
| Lower admin cost | 4th |
| Employee saving | 14th |
| 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 ($27,770 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $43,097 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Regency Pacific Management put in about $1 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 (1.29% 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,164 |
| Participant (employee) contributions | $1,454,649 |
| Other contributions (incl. rollovers in) | $67,490 |
| Administrative expenses paid from the plan | $78,177 |
| Contract administrator fees | $62,068 |
| Investment advisory & management fees | $16,109 |
| Benefits paid out | $470,796 |
| Net assets, start / end of year | $5.2M / $6.9M |
| Active participants, start / end of year | 2,344 / 2,358 |
| Participants with account balances | 859 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sweeney Conrad, P.S. |
Largest service providers (Schedule C)
| Stancorp Financial Group | $38,015 reported compensation |
| Alliant Insurance Services, Inc. | $24,053 reported compensation |
| Capfinancial Partners, LLC (dba)cap | $15,189 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014143740NAL0004250880001, received 2025-10-14, EIN 26-4432432, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.