Acadia Healthcare Company, Inc. 401(k) Review & Grade
Acadia Healthcare Company, Inc. 401(k) Plan
Franklin, TNHealth Care & Social Assistance22,781 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$487Employer $ per active participant
$1,672Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$296.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity14.9 / 5030th percentile for employer $ per participant
- Low cost2.2 / 259th percentile for low admin cost vs. same-size plans
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score21 / 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 | 30th |
| Lower admin cost | 9th |
| Employee saving | 26th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,373,976 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Acadia Healthcare Company put in about $487 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.
- Direct plan expenses (0.32% of assets) are well above similar-size plans (0.09%). 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 | $11,093,177 |
| Participant (employee) contributions | $38,088,736 |
| Other contributions (incl. rollovers in) | $9,543,393 |
| Administrative expenses paid from the plan | $875,556 |
| Investment advisory & management fees | $121,561 |
| Benefits paid out | $45,675,835 |
| Net assets, start / end of year | $250.9M / $296.7M |
| Active participants, start / end of year | 22,827 / 22,735 |
| Participants with account balances | 11,348 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lbmc,pc |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $731,995 reported compensation |
| Capfinancial Partners LLC DBA Captr | $88,070 reported compensation |
| Empower Advisory Group, LLC | $33,492 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014110600NAL0001279475001, received 2025-10-14, EIN 45-2492228, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.