CHG Companies, Inc. 401(k) Review & Grade
CHG Companies, Inc. Employee 401(k) Plan
Midvale, UTAdministrative, Support & Staffing Services8,355 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,632Employer $ per active participant
$5,144Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$513.4MNet plan assets, end of year
$81,730Average balance per account
Score breakdown
- Employer generosity40.7 / 5081th percentile for employer $ per participant
- Low cost14.2 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1590th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 57th |
| Employee saving | 90th |
| Peers that auto-enroll | 22% |
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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 ($271 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $9,531 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- CHG Companies put in about $1,632 per active participant, more than the typical peer ($342). 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 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 | $13,633,814 |
| Participant (employee) contributions | $42,974,784 |
| Other contributions (incl. rollovers in) | $8,038,980 |
| Administrative expenses paid from the plan | $476,862 |
| Contract administrator fees | $600 |
| Other admin expenses | $112,857 |
| Benefits paid out | $32,566,047 |
| Net assets, start / end of year | $417.9M / $513.4M |
| Active participants, start / end of year | 10,222 / 6,488 |
| Participants with account balances | 6,282 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $364,005 reported compensation |
| Sageview Advisory Group, LLC | $112,857 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010161830NAL0013515696001, received 2025-10-10, EIN 58-1615085, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.