Centre for Neuro Skills 401(k) Review & Grade
Centre for Neuro Skills 401(k) Retirement Plan
Bakersfield, CAHealth Care & Social Assistance960 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,385Employer $ per active participant
$4,038Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$55.4MNet plan assets, end of year
$39,395Average balance per account
Score breakdown
- Employer generosity29.6 / 5059th percentile for employer $ per participant
- Low cost5.9 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score56 / 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 | 59th |
| Lower admin cost | 24th |
| Employee saving | 69th |
| 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
- Centre for Neuro Skills put in about $1,385 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.
- Direct plan expenses (0.49% 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.
- 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 | $1,329,877 |
| Participant (employee) contributions | $3,876,258 |
| Other contributions (incl. rollovers in) | $412,793 |
| Administrative expenses paid from the plan | $258,180 |
| Contract administrator fees | $10,092 |
| Other admin expenses | $248,088 |
| Benefits paid out | $5,544,810 |
| Net assets, start / end of year | $49.5M / $55.4M |
| Active participants, start / end of year | 934 / 986 |
| Participants with account balances | 1,407 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Barbich Hooper King Dill Hoffman |
Largest service providers (Schedule C)
| Tri-Ad Actuaries, Inc. | $228,743 reported compensation |
| Charles Schwab Investment | $19,357 reported compensation |
| John Hancock Retirement Plan Svcs | $10,092 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010174730NAL0008069345001, received 2025-10-10, EIN 95-3523988, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.