American Specialty Health Incorporated 401(k) Review & Grade
American Specialty Health Incorporated 401(k) Savings Plan
San Diego, CAFinance & Insurance1,784 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,732Employer $ per active participant
$6,193Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$136.2MNet plan assets, end of year
$59,905Average balance per account
Score breakdown
- Employer generosity8.7 / 5017th percentile for employer $ per participant
- Low cost16.9 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 68th |
| Employee saving | 38th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $1,771 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- American Specialty Health Incorporated put in about $1,732 per active participant, below the typical peer ($3,606). 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.
- 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 | $3,088,860 |
| Participant (employee) contributions | $11,044,869 |
| Other contributions (incl. rollovers in) | $2,177,771 |
| Administrative expenses paid from the plan | $159,807 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $15,718 |
| Benefits paid out | $8,750,254 |
| Net assets, start / end of year | $113.0M / $136.2M |
| Active participants, start / end of year | 1,779 / 1,788 |
| Participants with account balances | 2,273 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KBF Cpas - Audit, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $144,089 reported compensation |
| Strategic Advisors, Inc. | $15,718 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250725145042NAL0005989921001, received 2025-07-25, EIN 33-0883241, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.