Texas Medical Careers Limited DB 401(k) Review & Grade
The College of Healthcare Professions 401(k) Plan
Houston, TXEducational Services794 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,081Employer $ per active participant
$2,153Employee $ saved per active participant
1.32%Direct admin cost, % of plan assets
$10.6MNet plan assets, end of year
$24,338Average balance per account
Score breakdown
- Employer generosity21.7 / 5043th percentile for employer $ per participant
- Low cost0.9 / 253th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 3th |
| Employee saving | 36th |
| Peers that auto-enroll | 37% |
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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
- Texas Medical Careers Limited DB put in about $1,081 per active participant, below the typical peer ($1,225). 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 (1.32% 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.
- 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 | $858,152 |
| Participant (employee) contributions | $1,708,716 |
| Other contributions (incl. rollovers in) | $487,394 |
| Administrative expenses paid from the plan | $124,160 |
| Investment advisory & management fees | $97,936 |
| Benefits paid out | $1,671,495 |
| Net assets, start / end of year | $8.2M / $10.6M |
| Active participants, start / end of year | 740 / 847 |
| Participants with account balances | 436 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricekubecka PLLC |
Largest service providers (Schedule C)
| Adp, Inc. | $100,966 reported compensation |
| LPL Financial | $23,193 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922110604NAL0002106675001, received 2025-09-22, EIN 01-0643462, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.