Dorado Health, Inc. 401(k) Review & Grade
Manati Medical Center Retirement Plan
Manati, PRProfessional, Scientific & Technical Services2,152 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$129Employer $ per active participant
$680Employee $ saved per active participant
0.64%Direct admin cost, % of plan assets
$15.2MNet plan assets, end of year
$8,079Average balance per account
Score breakdown
- Employer generosity3.8 / 508th percentile for employer $ per participant
- Low cost3.9 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 16th |
| Employee saving | 4th |
| Peers that auto-enroll | 48% |
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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
- Dorado Health put in about $129 per active participant, below the typical peer ($3,082). 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 (0.64% 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 | $277,763 |
| Participant (employee) contributions | $1,463,982 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $89,219 |
| Investment advisory & management fees | $85,754 |
| Other admin expenses | $3,465 |
| Benefits paid out | $635,834 |
| Net assets, start / end of year | $12.7M / $15.2M |
| Active participants, start / end of year | 2,142 / 2,163 |
| Participants with account balances | 1,884 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Driven PSC |
Largest service providers (Schedule C)
| Nppg Record Keeping Solution LLC | $71,107 reported compensation |
| Oriental Bank | $14,918 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014151141NAL0001563523001, received 2025-10-14, EIN 66-0531550, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.