Central Management Concepts, LLC 401(k) Review & Grade
Central Management Concepts, LLC Profit Sharing Plan
Covington, LAHealth Care & Social Assistance518 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,250Employer $ per active participant
$2,631Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$19.0MNet plan assets, end of year
$44,301Average balance per account
Score breakdown
- Employer generosity28.2 / 5056th percentile for employer $ per participant
- Low cost19.8 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1552th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 79th |
| Employee saving | 52th |
| 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
- Central Management Concepts put in about $1,250 per active participant, more than the typical peer ($976). 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.
- 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 | $647,068 |
| Participant (employee) contributions | $1,361,583 |
| Other contributions (incl. rollovers in) | $23,028 |
| Administrative expenses paid from the plan | $13,919 |
| Contract administrator fees | $13,919 |
| Benefits paid out | $1,002,517 |
| Net assets, start / end of year | $15.8M / $19.0M |
| Active participants, start / end of year | 525 / 510 |
| Participants with account balances | 429 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Dyas & Associates, Cpas |
Largest service providers (Schedule C)
| Stancorp Financial Group | $54,116 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013095630NAL0000461555001, received 2025-10-13, EIN 04-3744708, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.