Westmont Living, Inc. 401(k) Review & Grade
Westmont Living 401(k) Plan
San Diego, CAHealth Care & Social Assistance953 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$924Employer $ per active participant
$2,472Employee $ saved per active participant
1.54%Direct admin cost, % of plan assets
$11.7MNet plan assets, end of year
$9,429Average balance per account
Score breakdown
- Employer generosity24.4 / 5049th percentile for employer $ per participant
- Low cost0.6 / 252th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 2th |
| Employee saving | 49th |
| Peers that auto-enroll | 36% |
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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
- Westmont Living put in about $924 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 (1.54% 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 | $880,884 |
| Participant (employee) contributions | $2,355,942 |
| Other contributions (incl. rollovers in) | $62,091 |
| Administrative expenses paid from the plan | $159,750 |
| Contract administrator fees | $4,901 |
| Investment advisory & management fees | $59,637 |
| Other admin expenses | $23,079 |
| Benefits paid out | $1,653,433 |
| Net assets, start / end of year | $9.1M / $11.7M |
| Active participants, start / end of year | 927 / 979 |
| Participants with account balances | 1,240 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lavine, Lofgren, Morris & Engelberg |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $55,608 reported compensation |
| Accelerate Investment Advisors | $50,739 reported compensation |
| Administrative Fiduciary Services | $23,079 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250904082426NAL0015917121002, received 2025-09-04, EIN 26-2513782, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.