Northpoint Senior Services, LLC 401(k) Review & Grade
Prestige Management Employee Plan
Louisville, KYHealth Care & Social Assistance4,438 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$48Employer $ per active participant
$858Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$43.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity8.8 / 5018th percentile for employer $ per participant
- Low cost3.2 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 13th |
| Employee saving | 23th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $108,841 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Northpoint Senior Services put in about $48 per active participant, below the typical peer ($800). 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 (0.50% of assets) are well above similar-size plans (0.12%). 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 | $214,325 |
| Participant (employee) contributions | $3,808,483 |
| Other contributions (incl. rollovers in) | $320,352 |
| Administrative expenses paid from the plan | $209,316 |
| Contract administrator fees | $182,279 |
| Investment advisory & management fees | $27,037 |
| Benefits paid out | $4,660,424 |
| Net assets, start / end of year | $39.9M / $43.8M |
| Active participants, start / end of year | 4,407 / 4,468 |
| Participants with account balances | 1,438 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pease Bell Cpas, LLC |
Largest service providers (Schedule C)
| John Hancock | $182,388 reported compensation |
| Sortino Advisory Partners, LLC | $27,063 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015101008NAL0002219299001, received 2025-10-15, EIN 22-3858078, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.