Carson Tahoe Health System 401(k) Review & Grade
Carson Tahoe Health System 401(k) Plan
Carson City, NVHealth Care & Social Assistance2,036 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,121Employer $ per active participant
$5,795Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$186.5MNet plan assets, end of year
$73,226Average balance per account
Score breakdown
- Employer generosity41.8 / 5084th percentile for employer $ per participant
- Low cost16.2 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 65th |
| Employee saving | 86th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($29 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Carson Tahoe Health System put in about $3,121 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $6,354,695 |
| Participant (employee) contributions | $11,799,004 |
| Other contributions (incl. rollovers in) | $2,467,114 |
| Administrative expenses paid from the plan | $250,013 |
| Contract administrator fees | $250,013 |
| Benefits paid out | $22,199,270 |
| Net assets, start / end of year | $166.1M / $186.5M |
| Active participants, start / end of year | 1,978 / 2,094 |
| Participants with account balances | 2,547 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $250,013 reported compensation |
| Morgan Stanley Global Banking Opera | $65,218 reported compensation |
| Carson Tahoe Health | $11,528 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926152019NAL0010275568001, received 2025-09-26, EIN 88-0502318, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.