Chemed Corporation 401(k) Review & Grade
Chemed/roto Rooter Savings & Retirement Plan
Cincinnati, OHManagement of Companies3,880 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,465Employer $ per active participant
$4,096Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$371.1MNet plan assets, end of year
$83,162Average balance per account
Score breakdown
- Employer generosity17.8 / 5036th percentile for employer $ per participant
- Low cost19.1 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1520th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 77th |
| Employee saving | 20th |
| Peers that auto-enroll | 58% |
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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
- Chemed put in about $2,465 per active participant, below the typical peer ($3,455). 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.
- 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 | $9,564,426 |
| Participant (employee) contributions | $15,892,509 |
| Other contributions (incl. rollovers in) | $715,589 |
| Administrative expenses paid from the plan | $195,501 |
| Investment advisory & management fees | $44,500 |
| Benefits paid out | $45,663,028 |
| Net assets, start / end of year | $352.5M / $371.1M |
| Active participants, start / end of year | 3,978 / 3,782 |
| Participants with account balances | 4,462 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clark Schaefer Hackett |
| Employer stock held by plan | $26,320,216 |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $126,293 reported compensation |
| Morgan Stanley Global Banking Opera | $30,000 reported compensation |
| Clark Schaefer Hackett | $25,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250630060923NAL0015967872001, received 2025-06-30, EIN 31-0791746, plan #104, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.