Excela Health 401(k) Review & Grade
Defined Contribution Retirement Plan for the Employees of Excela Health Holding Companies
Greensburg, PAHealth Care & Social Assistance1,124 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,963Employer $ per active participant
$8,592Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$169.6MNet plan assets, end of year
$114,181Average balance per account
Score breakdown
- Employer generosity43.8 / 5088th percentile for employer $ per participant
- Low cost21.4 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score87 / 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 | 88th |
| Lower admin cost | 86th |
| Employee saving | 96th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,328 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Excela Health put in about $3,963 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 | $4,455,892 |
| Participant (employee) contributions | $9,662,039 |
| Other contributions (incl. rollovers in) | $286,146 |
| Administrative expenses paid from the plan | $87,786 |
| Investment advisory & management fees | $21,574 |
| Other admin expenses | $6,250 |
| Benefits paid out | $14,501,899 |
| Net assets, start / end of year | $148.7M / $169.6M |
| Active participants, start / end of year | 1,049 / 1,200 |
| Participants with account balances | 1,485 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $59,962 reported compensation |
| Strategic Advisors, Inc. | $21,574 reported compensation |
| Capital Strategies Investment Grou | $6,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013124318NAL0001960080001, received 2025-10-13, EIN 25-1471089, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.