Choice Health at Home 401(k) Review & Grade
Choice Health at Home 401k Plan
Tyler, TXHealth Care & Social Assistance1,317 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$675Employer $ per active participant
$1,255Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$8.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity20.7 / 5041th percentile for employer $ per participant
- Low cost8.9 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 35th |
| Employee saving | 28th |
| 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
Corrective distributions: the plan refunded $13,737 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Choice Health at Home put in about $675 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.
- Direct plan expenses (0.35% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $889,530 |
| Participant (employee) contributions | $1,653,308 |
| Other contributions (incl. rollovers in) | $477,409 |
| Administrative expenses paid from the plan | $23,423 |
| Benefits paid out | $1,502,888 |
| Net assets, start / end of year | $5.2M / $8.3M |
| Active participants, start / end of year | 1,285 / 1,349 |
| Participants with account balances | 534 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Henry & Peters |
Largest service providers (Schedule C)
| Adp, Inc. | $23,422 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002051957NAL0000077761001, received 2025-10-02, EIN 74-3248282, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.