Welbehealth LLC 401(k) Review & Grade
Welbehealth 401(k) Plan
Covina, CAHealth Care & Social Assistance1,678 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,434Employer $ per active participant
$5,615Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$39.5MNet plan assets, end of year
$18,034Average balance per account
Score breakdown
- Employer generosity38.4 / 5077th percentile for employer $ per participant
- Low cost4.1 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score45 / 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 | 77th |
| Lower admin cost | 17th |
| Employee saving | 85th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($287,708 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Welbehealth put in about $2,434 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 (0.62% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $4,084,839 |
| Participant (employee) contributions | $9,422,171 |
| Other contributions (incl. rollovers in) | $866,815 |
| Administrative expenses paid from the plan | $197,388 |
| Contract administrator fees | $178,397 |
| Investment advisory & management fees | $9,991 |
| Other admin expenses | $9,000 |
| Benefits paid out | $2,868,504 |
| Net assets, start / end of year | $24.2M / $39.5M |
| Active participants, start / end of year | 1,502 / 1,854 |
| Participants with account balances | 2,189 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aprio LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $190,997 reported compensation |
| NFP Retirement Inc | $97,722 reported compensation |
| Voya Retirement Advisors, LLC | $7,681 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015195606NAL0005776113001, received 2025-10-15, EIN 47-4992647, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.