Paladina Health LLC 401(k) Review & Grade
Everside Health Retirement Plan
Denver, COHealth Care & Social Assistance1,489 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,475Employer $ per active participant
$6,174Employee $ saved per active participant
0.47%Direct admin cost, % of plan assets
$68.0MNet plan assets, end of year
$44,143Average balance per account
Score breakdown
- Employer generosity30.6 / 5061th percentile for employer $ per participant
- Low cost6.2 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1589th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 25th |
| Employee saving | 89th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,505 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Paladina Health put in about $1,475 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.
- Direct plan expenses (0.47% 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 | $2,195,707 |
| Participant (employee) contributions | $9,192,383 |
| Other contributions (incl. rollovers in) | $1,707,602 |
| Administrative expenses paid from the plan | $294,915 |
| Investment advisory & management fees | $192,859 |
| Benefits paid out | $9,824,716 |
| Net assets, start / end of year | $57.2M / $68.0M |
| Active participants, start / end of year | 1,526 / 1,452 |
| Participants with account balances | 1,540 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante Moran |
Largest service providers (Schedule C)
| Morgan Stanley | $152,253 reported compensation |
| Empower Annuity Insurance Company O | $102,056 reported compensation |
| Empower Advisory Group, LLC | $40,606 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015174947NAL0005573057001, received 2025-10-15, EIN 45-3449075, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.