Encore Rehabilitation, Inc. 401(k) Review & Grade
Encore Rehabilitation, Inc 401(k) Plan
Decatur, ALHealth Care & Social Assistance1,232 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$188Employer $ per active participant
$2,344Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$47.6MNet plan assets, end of year
$60,426Average balance per account
Score breakdown
- Employer generosity10.4 / 5021th percentile for employer $ per participant
- Low cost10.3 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 41th |
| Employee saving | 47th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Encore Rehabilitation put in about $188 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.
- 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.
- 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 | $231,939 |
| Participant (employee) contributions | $2,887,457 |
| Other contributions (incl. rollovers in) | $220,963 |
| Administrative expenses paid from the plan | $130,108 |
| Contract administrator fees | $80,408 |
| Investment advisory & management fees | $49,700 |
| Benefits paid out | $1,609,120 |
| Net assets, start / end of year | $40.4M / $47.6M |
| Active participants, start / end of year | 1,214 / 1,250 |
| Participants with account balances | 788 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wear,howell,strickland,quinn & Law |
Largest service providers (Schedule C)
| John Hancock | $80,408 reported compensation |
| Lion Street Financial | $44,182 reported compensation |
| Millennium Investment & Retirement | $8,334 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009143935NAL0004002211001, received 2025-10-09, EIN 63-1225408, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.