La Clinica De Familia, Incorpo 401(k) Review & Grade
401(k) Profit Sharing Plan for Employees of La Clinica De Familia, Incorporated
Las Cruces, NMHealth Care & Social Assistance620 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,584Employer $ per active participant
$2,547Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$26.4MNet plan assets, end of year
$32,073Average balance per account
Score breakdown
- Employer generosity31.7 / 5063th percentile for employer $ per participant
- Low cost22.5 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 90th |
| Employee saving | 50th |
| 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 ($1,250 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
- La Clinica De Familia, Incorpo put in about $1,584 per active participant, more than the typical peer ($976). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $982,632 |
| Participant (employee) contributions | $1,580,243 |
| Other contributions (incl. rollovers in) | $101,946 |
| Administrative expenses paid from the plan | $10,497 |
| Other admin expenses | $10,497 |
| Benefits paid out | $3,051,946 |
| Net assets, start / end of year | $23.7M / $26.4M |
| Active participants, start / end of year | 702 / 539 |
| Participants with account balances | 822 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sbng, PC |
Largest service providers (Schedule C)
| Mutual of America Investment Corp | $14,021 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007114148NAL0002630259001, received 2025-10-07, EIN 85-0265533, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.