BHG Holdings, LLC DBA Behavioral Health Group 401(k) Review & Grade
Behavioral Health Group Employee 401(k) Plan
Dallas, TXHealth Care & Social Assistance1,726 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$334Employer $ per active participant
$1,599Employee $ saved per active participant
0.76%Direct admin cost, % of plan assets
$13.5MNet plan assets, end of year
$13,971Average balance per account
Score breakdown
- Employer generosity13.8 / 5028th percentile for employer $ per participant
- Low cost2.8 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 11th |
| Employee saving | 35th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $119,858 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- BHG Holdings, LLC DBA Behavioral Health Group put in about $334 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.
- Direct plan expenses (0.76% of assets) are well above similar-size plans (0.23%). 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 | $575,785 |
| Participant (employee) contributions | $2,759,724 |
| Other contributions (incl. rollovers in) | $143,111 |
| Administrative expenses paid from the plan | $91,832 |
| Investment advisory & management fees | $1,458 |
| Other admin expenses | $23,450 |
| Benefits paid out | $2,396,264 |
| Net assets, start / end of year | $10.7M / $13.5M |
| Active participants, start / end of year | 1,530 / 1,921 |
| Participants with account balances | 964 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Orta & Choate, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $52,324 reported compensation |
| Creative Planning LLC | $16,782 reported compensation |
| Orta & Choate, P.C. | $14,600 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015171203NAL0006876288001, received 2025-10-15, EIN 45-2718628, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.