Broad River Rehabilitation, LLC 401(k) Review & Grade
Broad River Rehabilitation 401(k) Plan
Arden, NCHealth Care & Social Assistance1,808 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$10Employer $ per active participant
$1,489Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$13.5MNet plan assets, end of year
$14,000Average balance per account
Score breakdown
- Employer generosity4.5 / 509th percentile for employer $ per participant
- Low cost17.2 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1533th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score27 / 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 | 9th |
| Lower admin cost | 69th |
| Employee saving | 33th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $46,469 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Broad River Rehabilitation put in about $10 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.
- 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 | $17,614 |
| Participant (employee) contributions | $2,690,538 |
| Other contributions (incl. rollovers in) | $378,270 |
| Administrative expenses paid from the plan | $14,341 |
| Contract administrator fees | $14,341 |
| Benefits paid out | $816,167 |
| Net assets, start / end of year | $9.8M / $13.5M |
| Active participants, start / end of year | 1,771 / 1,844 |
| Participants with account balances | 963 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Ascensus LLC | $14,341 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010161600NAL0004403235001, received 2025-10-10, EIN 47-1782617, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.