Humangood Norcal 401(k) Review & Grade
Humangood 401(k) Plan
Duarte, CAHealth Care & Social Assistance5,248 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,083Employer $ per active participant
$2,454Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$157.8MNet plan assets, end of year
$39,926Average balance per account
Score breakdown
- Employer generosity27.7 / 5055th percentile for employer $ per participant
- Low cost11.3 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 45th |
| Employee saving | 46th |
| Peers that auto-enroll | 38% |
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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 ($6,107,707 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
- Humangood Norcal put in about $1,083 per active participant, more than the typical peer ($800). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $5,686,544 |
| Participant (employee) contributions | $12,877,460 |
| Other contributions (incl. rollovers in) | $1,591,475 |
| Administrative expenses paid from the plan | $209,058 |
| Investment advisory & management fees | $143,472 |
| Benefits paid out | $13,168,466 |
| Net assets, start / end of year | $135.0M / $157.8M |
| Active participants, start / end of year | 5,047 / 5,450 |
| Participants with account balances | 3,953 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly, US LLP |
Largest service providers (Schedule C)
| Burnham Gibson Wealth Advisors | $142,972 reported compensation |
| Transamerica Retirement Solutions | $65,586 reported compensation |
| Charles Schwab & Co., Inc. | $500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250909123351NAL0020239105001, received 2025-09-09, EIN 94-1225374, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.