Compass Health, Inc. 401(k) Review & Grade
Compass Health, Inc. 401(k) Profit Sharing Plan
Grover Beach, CAHealth Care & Social Assistance818 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$243Employer $ per active participant
$1,620Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$23.2MNet plan assets, end of year
$49,700Average balance per account
Score breakdown
- Employer generosity11.8 / 5024th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 19th |
| Employee saving | 36th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $21,532 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Compass Health put in about $243 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 (0.58% 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 | $199,074 |
| Participant (employee) contributions | $1,325,102 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $125,950 |
| Investment advisory & management fees | $40,951 |
| Benefits paid out | $1,185,264 |
| Net assets, start / end of year | $20.5M / $23.2M |
| Active participants, start / end of year | 831 / 805 |
| Participants with account balances | 466 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Seto Kirkakosian Accountancy Corp |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $57,499 reported compensation |
| Creative Planning LLC | $27,500 reported compensation |
| Empower Advisory Group, LLC | $13,451 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250911134012NAL0000428720001, received 2025-09-11, EIN 77-0119862, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.