Advanced Correctional Healthcare 401(k) Review & Grade
Advanced Correctional Healthcare Inc. 401(k) Plan
Franklin, TNHealth Care & Social Assistance1,214 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$526Employer $ per active participant
$1,553Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$10.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity18.2 / 5036th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 53th |
| Employee saving | 34th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($7 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
- Advanced Correctional Healthcare put in about $526 per active participant, below the typical peer ($976). 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.
- 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 | $638,621 |
| Participant (employee) contributions | $1,884,306 |
| Other contributions (incl. rollovers in) | $297,977 |
| Administrative expenses paid from the plan | $19,366 |
| Benefits paid out | $2,241,230 |
| Net assets, start / end of year | $8.5M / $10.0M |
| Active participants, start / end of year | 1,329 / 1,098 |
| Participants with account balances | 479 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Smith and Howard, PC |
Largest service providers (Schedule C)
| Adp, Inc. | $19,366 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009051130NAL0010351408001, received 2025-10-09, EIN 36-4495255, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.