Westside Children's Therapy 401(k) Review & Grade
Westside Children's Therapy 401(k) Plan
Mokena, ILHealth Care & Social Assistance636 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$778Employer $ per active participant
$1,924Employee $ saved per active participant
1.36%Direct admin cost, % of plan assets
$5.4MNet plan assets, end of year
$11,444Average balance per account
Score breakdown
- Employer generosity22.4 / 5045th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score32 / 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 | 45th |
| Lower admin cost | 3th |
| Employee saving | 40th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Westside Children's Therapy put in about $778 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 (1.36% 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 | $494,996 |
| Participant (employee) contributions | $1,223,956 |
| Other contributions (incl. rollovers in) | $32,023 |
| Administrative expenses paid from the plan | $59,300 |
| Contract administrator fees | $24,550 |
| Benefits paid out | $246,710 |
| Net assets, start / end of year | $3.4M / $5.4M |
| Active participants, start / end of year | 610 / 662 |
| Participants with account balances | 468 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Coulter & Justus |
Largest service providers (Schedule C)
| Transamerica Financial Life Ins | $28,250 reported compensation |
| Admin. Group, LLC DBA Tag Resources | $24,550 reported compensation |
| Coulter & Justus PC | $6,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015075927NAL0005461472001, received 2025-10-15, EIN 26-1120233, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.