Amn Healthcare, Inc. 401(k) Review & Grade
Amn Healthcare 401(k) Retirement Savings Plan
Dallas, TXAdministrative, Support & Staffing Services16,737 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$299Employer $ per active participant
$1,911Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$417.0MNet plan assets, end of year
$30,241Average balance per account
Score breakdown
- Employer generosity28.1 / 5056th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 10,000+ active participants (33 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 15th |
| Employee saving | 66th |
| 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 ($1,717,689 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
- Amn Healthcare put in about $299 per active participant, more than the typical peer ($271). 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 (0.22% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $5,005,902 |
| Participant (employee) contributions | $31,977,813 |
| Other contributions (incl. rollovers in) | $5,218,633 |
| Administrative expenses paid from the plan | $870,213 |
| Contract administrator fees | $155,232 |
| Investment advisory & management fees | $100,000 |
| Other admin expenses | $18,013 |
| Benefits paid out | $64,588,281 |
| Net assets, start / end of year | $386.4M / $417.0M |
| Active participants, start / end of year | 18,267 / 15,207 |
| Participants with account balances | 13,789 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lavine, Lofgren, Morris and Engelbe |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $712,275 reported compensation |
| NFP Retirement Inc | $100,000 reported compensation |
| Lavine Lofgren Morris & Engelberg L | $39,825 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731104504NAL0002991811001, received 2025-07-31, EIN 88-0208006, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.