Stateserv Medical LLC 401(k) Review & Grade
Stateserv Medical LLC 401(k) Profit Sharing Plan & Trust
Mesa, AZRetail Trade968 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,092Employer $ per active participant
$2,031Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$17.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity32.7 / 5065th percentile for employer $ per participant
- Low cost22.2 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-15 pts2 issues reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 89th |
| Employee saving | 34th |
| Peers that auto-enroll | 48% |
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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 ($231 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Stateserv Medical put in about $1,092 per active participant, more than the typical peer ($743). 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 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 | $1,057,320 |
| Participant (employee) contributions | $1,965,848 |
| Other contributions (incl. rollovers in) | $863,576 |
| Administrative expenses paid from the plan | $5,983 |
| Contract administrator fees | $5,000 |
| Benefits paid out | $1,238,756 |
| Net assets, start / end of year | $9.4M / $17.5M |
| Active participants, start / end of year | 929 / 1,007 |
| Participants with account balances | 426 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251202141244NAL0012123057001, received 2025-12-02, EIN 20-1563028, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.