Children's Hospital Los Angeles 401(k) Review & Grade
Childrens Hospital Los Angeles Employees' 401(k) Plan
Los Angeles, CAHealth Care & Social Assistance6,699 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,500Employer $ per active participant
$5,785Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$821.1MNet plan assets, end of year
$104,593Average balance per account
Score breakdown
- Employer generosity38.4 / 5077th percentile for employer $ per participant
- Low cost13.3 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1578th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 53th |
| Employee saving | 78th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($27,463 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Children's Hospital Los Angeles put in about $2,500 per active participant, more than the typical peer ($800). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $16,749,641 |
| Participant (employee) contributions | $38,751,075 |
| Other contributions (incl. rollovers in) | $3,100,386 |
| Administrative expenses paid from the plan | $873,786 |
| Contract administrator fees | $72,830 |
| Other admin expenses | $350,929 |
| Benefits paid out | $55,022,027 |
| Net assets, start / end of year | $726.0M / $821.1M |
| Active participants, start / end of year | 5,190 / 8,208 |
| Participants with account balances | 7,850 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Holthouse Carlin & Van Trigt LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $322,558 reported compensation |
| Focus Operating LLC DBA JFS Wealth | $188,100 reported compensation |
| Holthouse Carlin & Vantrigt LLP | $12,198 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015193434NAL0011237378001, received 2025-10-15, EIN 95-1690977, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.