University of ST. Augustine for Health Sciences, LLC 401(k) Review & Grade
University of ST. Augustine for Health Sciences 401(k) Retirement Savings Plan
Coral Gables, FLEducational Services999 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,419Employer $ per active participant
$4,742Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$37.8MNet plan assets, end of year
$30,647Average balance per account
Score breakdown
- Employer generosity27.3 / 5055th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 43th |
| Employee saving | 76th |
| 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
- University of ST. Augustine for Health Sciences put in about $1,419 per active participant, more than the typical peer ($1,225). 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 | $1,417,602 |
| Participant (employee) contributions | $4,737,021 |
| Other contributions (incl. rollovers in) | $938,558 |
| Administrative expenses paid from the plan | $95,102 |
| Contract administrator fees | $94,851 |
| Investment advisory & management fees | $251 |
| Benefits paid out | $3,827,791 |
| Net assets, start / end of year | $30.4M / $37.8M |
| Active participants, start / end of year | 1,004 / 994 |
| Participants with account balances | 1,233 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Symphona, LLP |
Largest service providers (Schedule C)
| Lincoln Financial Group | $94,851 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905074856NAL0016978721001, received 2025-09-05, EIN 59-3166042, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.