Mature Care of Standifer Place, LLC 401(k) Review & Grade
Mature Care of Standifer Place 401(k) Plan
Chattanooga, TNHealth Care & Social Assistance670 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$173Employer $ per active participant
$624Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$4.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.9 / 5020th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score21 / 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 | 20th |
| Lower admin cost | 35th |
| Employee saving | 14th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $12,231 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mature Care of Standifer Place put in about $173 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 (0.35% 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 | $115,764 |
| Participant (employee) contributions | $418,016 |
| Other contributions (incl. rollovers in) | $20,798 |
| Administrative expenses paid from the plan | $14,841 |
| Contract administrator fees | $4,231 |
| Investment advisory & management fees | $10,610 |
| Benefits paid out | $816,740 |
| Net assets, start / end of year | $4.2M / $4.3M |
| Active participants, start / end of year | 669 / 671 |
| Participants with account balances | 144 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Puryear & Noonan |
Largest service providers (Schedule C)
| M Holdings Securities | $10,613 reported compensation |
| Principal Life Insurance Company | $4,230 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729134337NAL0003380625001, received 2025-07-29, EIN 26-1235729, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.