Apella Health Management, Inc. 401(k) Review & Grade
Apella Health Management, Inc. Retirement Savings Plan
Spartanburg, SCOther Services6,720 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,598Employer $ per active participant
$3,855Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$167.6MNet plan assets, end of year
$22,072Average balance per account
Score breakdown
- Employer generosity30.5 / 5061th percentile for employer $ per participant
- Low cost3.6 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 14th |
| Employee saving | 66th |
| Peers that auto-enroll | 45% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Apella Health Management put in about $1,598 per active participant, more than the typical peer ($1,132). 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 (0.45% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $10,734,686 |
| Participant (employee) contributions | $25,902,569 |
| Other contributions (incl. rollovers in) | $3,229,528 |
| Administrative expenses paid from the plan | $667,110 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $98,781 |
| Benefits paid out | $15,702,579 |
| Net assets, start / end of year | $126.6M / $167.6M |
| Active participants, start / end of year | 6,429 / 7,010 |
| Participants with account balances | 7,594 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $568,329 reported compensation |
| Sageview Advisory Group LLC | $59,735 reported compensation |
| Strategic Advisors, Inc. | $39,046 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001092941NAL0017631779001, received 2025-10-01, EIN 81-4193950, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.