Deanco Healthcare, LLC DBA Mission Community Hospital 401(k) Review & Grade
Mission Community Hospital's 401(k) Retirement Plan
Panorama City, CAHealth Care & Social Assistance838 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$447Employer $ per active participant
$4,189Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$24.1MNet plan assets, end of year
$22,268Average balance per account
Score breakdown
- Employer generosity16.2 / 5032th percentile for employer $ per participant
- Low cost4.1 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 16th |
| Employee saving | 71th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $920 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Deanco Healthcare, LLC DBA Mission Community Hospital put in about $447 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 (0.62% 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 | $375,132 |
| Participant (employee) contributions | $3,512,214 |
| Other contributions (incl. rollovers in) | $258,712 |
| Administrative expenses paid from the plan | $138,033 |
| Investment advisory & management fees | $51,660 |
| Benefits paid out | $2,449,279 |
| Net assets, start / end of year | $20.1M / $24.1M |
| Active participants, start / end of year | 803 / 874 |
| Participants with account balances | 1,082 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Farber Hass Hurley, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $86,373 reported compensation |
| Alliant Retirement Services | $40,801 reported compensation |
| Strategic Advisors, Inc. | $10,858 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013192032NAL0001785345001, received 2025-10-13, EIN 27-2099923, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.