Cahaba Medical Care Foundation 401(k) Review & Grade
Cahaba Medical Care Foundation 401k Plan
Centreville, ALHealth Care & Social Assistance568 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,573Employer $ per active participant
$2,790Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$11.8MNet plan assets, end of year
$24,704Average balance per account
Score breakdown
- Employer generosity31.7 / 5063th percentile for employer $ per participant
- Low cost10.4 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 42th |
| Employee saving | 54th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Cahaba Medical Care Foundation put in about $1,573 per active participant, more than the typical peer ($976). 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.
- 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 | $894,308 |
| Participant (employee) contributions | $1,586,309 |
| Other contributions (incl. rollovers in) | $131,803 |
| Administrative expenses paid from the plan | $29,959 |
| Investment advisory & management fees | $3,524 |
| Benefits paid out | $885,755 |
| Net assets, start / end of year | $9.0M / $11.8M |
| Active participants, start / end of year | 578 / 559 |
| Participants with account balances | 476 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Dingus Zarecor & Associates |
Largest service providers (Schedule C)
| Adp, Inc. | $29,959 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015141640NAL0004801745001, received 2025-10-15, EIN 27-3605364, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.