Craig Hospital 401(k) Review & Grade
Craig Hospital Retirement Plan
Englewood, COHealth Care & Social Assistance1,113 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,561Employer $ per active participant
$6,379Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$161.6MNet plan assets, end of year
$99,612Average balance per account
Score breakdown
- Employer generosity44.8 / 5090th percentile for employer $ per participant
- Low cost14.2 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 57th |
| Employee saving | 90th |
| Peers that auto-enroll | 36% |
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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
- Craig Hospital put in about $4,561 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.
- 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 | $5,076,771 |
| Participant (employee) contributions | $7,099,982 |
| Other contributions (incl. rollovers in) | $1,029,528 |
| Administrative expenses paid from the plan | $284,450 |
| Investment advisory & management fees | $49,403 |
| Benefits paid out | $16,317,591 |
| Net assets, start / end of year | $146.8M / $161.6M |
| Active participants, start / end of year | 1,089 / 1,137 |
| Participants with account balances | 1,622 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $235,047 reported compensation |
| Creative Planning Holdco LLC DBA CR | $49,404 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013130258NAL0000628227001, received 2025-10-13, EIN 84-0404233, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.