Satellite Healthcare, Inc. 401(k) Review & Grade
Satellite Healthcare, Inc. 403(b) Retirement Plan
San Jose, CAHealth Care & Social Assistance2,116 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,165Employer $ per active participant
$7,148Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$230.0MNet plan assets, end of year
$76,330Average balance per account
Score breakdown
- Employer generosity36.6 / 5073th percentile for employer $ per participant
- Low cost14.1 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score58 / 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 | 73th |
| Lower admin cost | 56th |
| Employee saving | 93th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Satellite Healthcare put in about $2,165 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.
- 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 | $4,581,635 |
| Participant (employee) contributions | $15,128,587 |
| Other contributions (incl. rollovers in) | $1,553,650 |
| Administrative expenses paid from the plan | $413,686 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $170,651 |
| Benefits paid out | $30,698,873 |
| Net assets, start / end of year | $211.7M / $230.0M |
| Active participants, start / end of year | 2,201 / 2,032 |
| Participants with account balances | 3,013 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $243,460 reported compensation |
| Ubs Financial Services Inc | $106,164 reported compensation |
| Strategic Advisors, Inc. | $64,487 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014143536NAL0001514115001, received 2025-10-14, EIN 23-7290564, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.