Saber Healthcare Group, L.L.C 401(k) Review & Grade
Saber Healthcare 401(k) Profit Sharing Plan
Beachwood, OHHealth Care & Social Assistance15,191 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1Employer $ per active participant
$742Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$71.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.1 / 506th percentile for employer $ per participant
- Low cost10.9 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1515th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 43th |
| Employee saving | 15th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $347,117 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Saber Healthcare Group put in about $1 per active participant, below the typical peer ($2,086). 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.
- 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.
- 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 | $13,047 |
| Participant (employee) contributions | $11,270,304 |
| Other contributions (incl. rollovers in) | $1,446,347 |
| Administrative expenses paid from the plan | $66,692 |
| Investment advisory & management fees | $63,203 |
| Benefits paid out | $9,129,854 |
| Net assets, start / end of year | $60.0M / $71.2M |
| Active participants, start / end of year | 14,726 / 15,656 |
| Participants with account balances | 2,831 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Citrin Cooperman & Company, LLP |
Largest service providers (Schedule C)
| Ubs Financial Services Inc | $44,895 reported compensation |
| Strategic Advisors, Inc. | $18,308 reported compensation |
| Fidelity Investments Institutional | $3,499 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015165827NAL0010748738001, received 2025-10-15, EIN 02-0542620, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.