Graham Hospital 401(k) Review & Grade
Graham Hospital Thrift and Savings Plan
Canton, ILHealth Care & Social Assistance794 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,622Employer $ per active participant
$5,335Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$58.0MNet plan assets, end of year
$59,025Average balance per account
Score breakdown
- Employer generosity31.9 / 5064th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 44th |
| Employee saving | 82th |
| 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
- Graham Hospital put in about $1,622 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 | $1,287,963 |
| Participant (employee) contributions | $4,236,367 |
| Other contributions (incl. rollovers in) | $1,555,029 |
| Administrative expenses paid from the plan | $144,775 |
| Contract administrator fees | $144,775 |
| Benefits paid out | $4,616,329 |
| Net assets, start / end of year | $48.7M / $58.0M |
| Active participants, start / end of year | 783 / 805 |
| Participants with account balances | 982 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $144,774 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013091932NAL0002188418001, received 2025-10-13, EIN 37-0673506, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.