Martin Luther King, Jr. - Los Angeles (MLK-La) Healthcare 401(k) match, vesting and fees
What Martin Luther King, Jr. - Los Angeles (MLK-La) Healthcare's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 1,281 defined-contribution plans in health care and social assistance with 1,000 to 4,999 participants.
| Martin Luther King, Jr. - Los Angeles (MLK-La) Healthcare: employer contribution per participant | $1,750 | |
| Peer median | $1,358 |
| Martin Luther King, Jr. - Los Angeles (MLK-La) Healthcare: average balance | $40,808 | |
| Peer median | $44,442 |
| Martin Luther King, Jr. - Los Angeles (MLK-La) Healthcare: admin expenses ÷ assets | 0.05% | |
| Peer median | 0.21% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $54.1M at the end of plan year 2021 to $85.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,155 | $85.2M | $3.7M | $1,750 | 0.05% | Not published | Form 5500 ↗ |
| 2023 | 1,943 | $68.2M | $3.5M | $1,902 | 0.04% | Not published | Form 5500 ↗ |
| 2022 | 1,798 | $52.1M | $3.1M | $1,770 | 0.13% | Not published | Form 5500 ↗ |
| 2021 | 1,757 | $54.1M | $3M | $1,773 | 0.08% | Not published | Form 5500 ↗ |
Common questions
Does Martin Luther King, Jr. - Los Angeles (MLK-La) Healthcare match 401(k) contributions?
The match terms for the Martin Luther King Jr. Community Hospital 403(b) Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $3.7M in employer contributions, about $1,750 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Martin Luther King, Jr. - Los Angeles (MLK-La) Healthcare 401(k) match vested?
The vesting schedule for the Martin Luther King Jr. Community Hospital 403(b) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Martin Luther King, Jr. - Los Angeles (MLK-La) Healthcare 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Martin Luther King, Jr. - Los Angeles (Mlk-La) Healthcare Corporation.
I left Martin Luther King, Jr. - Los Angeles (MLK-La) Healthcare. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Martin Luther King, Jr. - Los Angeles (Mlk-La) Healthcare Corporation, (424) 338-8782) or the recordkeeper, Empower Annuity Insurance Company. The Martin Luther King, Jr. - Los Angeles (MLK-La) Healthcare old 401(k) page lists the contacts from every plan filing. Find an old Martin Luther King, Jr. - Los Angeles (MLK-La) Healthcare 401(k)
Data from the public Form 5500 annual reports Martin Luther King, Jr. - Los Angeles (MLK-La) Healthcare filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Martin Luther King, Jr. - Los Angeles (MLK-La) Healthcare. Not financial advice. Report a correction · Methodology