Aultman Health Foundation 401(k) Review & Grade
Aultman 401(k) Plan
Canton, OHHealth Care & Social Assistance6,674 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,971Employer $ per active participant
$5,416Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$826.0MNet plan assets, end of year
$77,068Average balance per account
Score breakdown
- Employer generosity34.6 / 5069th percentile for employer $ per participant
- Low cost14.5 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 58th |
| Employee saving | 76th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,235 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Aultman Health Foundation put in about $1,971 per active participant, more than the typical peer ($800). 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.
- 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 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 | $13,152,950 |
| Participant (employee) contributions | $36,151,484 |
| Other contributions (incl. rollovers in) | $2,412,572 |
| Administrative expenses paid from the plan | $775,256 |
| Other admin expenses | $775,256 |
| Benefits paid out | $62,429,567 |
| Net assets, start / end of year | $741.3M / $826.0M |
| Active participants, start / end of year | 6,658 / 6,691 |
| Participants with account balances | 10,718 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $652,066 reported compensation |
| Vanguard Advisers Inc. | $140,490 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923075357NAL0006058801001, received 2025-09-23, EIN 34-1445390, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.