Ensign Services, Inc. 401(k) Review & Grade
Ensign Services, Inc. 401(k) Retirement Savings Plan
San Juan Capistrano, CAHealth Care & Social Assistance38,871 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$88Employer $ per active participant
$1,562Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$373.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.0 / 5014th percentile for employer $ per participant
- Low cost3.1 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 12th |
| Employee saving | 25th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,796,284 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ensign Services put in about $88 per active participant, below the typical peer ($2,086). 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 (0.25% of assets) are well above similar-size plans (0.09%). 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 | $3,401,906 |
| Participant (employee) contributions | $60,716,206 |
| Other contributions (incl. rollovers in) | $12,220,124 |
| Administrative expenses paid from the plan | $839,923 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $71,088 |
| Benefits paid out | $28,317,647 |
| Net assets, start / end of year | $285.9M / $373.8M |
| Active participants, start / end of year | 35,280 / 42,462 |
| Participants with account balances | 13,059 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $710,684 reported compensation |
| Institutional Investment Consultin | $60,000 reported compensation |
| Groom Law Group | $35,576 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250826133544NAL0004486115001, received 2025-08-26, EIN 11-3645368, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.