Familia Development, LLC 401(k) Review & Grade
Familia Dental 401(k) Plan
Schaumburg, ILHealth Care & Social Assistance608 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$413Employer $ per active participant
$2,749Employee $ saved per active participant
1.94%Direct admin cost, % of plan assets
$6.1MNet plan assets, end of year
$10,412Average balance per account
Score breakdown
- Employer generosity15.3 / 5031th percentile for employer $ per participant
- Low cost0.3 / 251th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score14 / 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 | 31th |
| Lower admin cost | 1th |
| Employee saving | 53th |
| Peers that auto-enroll | 36% |
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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 ($766,293 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
- Familia Development put in about $413 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 (1.94% 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.
- 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 | $251,188 |
| Participant (employee) contributions | $1,672,863 |
| Other contributions (incl. rollovers in) | $103,347 |
| Administrative expenses paid from the plan | $100,857 |
| Contract administrator fees | $100,857 |
| Benefits paid out | $996,259 |
| Net assets, start / end of year | $4.4M / $6.1M |
| Active participants, start / end of year | 653 / 564 |
| Participants with account balances | 582 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Trailbreaker Accounting PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $63,516 reported compensation |
| Orenda Retirement, LLC | $39,823 reported compensation |
| Raymond James & Associates | $12,009 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009161311NAL0006894161001, received 2025-10-09, EIN 27-2128286, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.