Hartford Healthcare Corporation 401(k) Review & Grade
Hartford Healthcare 401(k) Retirement Savings Plan
Farmington, CTHealth Care & Social Assistance2,548 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,783Employer $ per active participant
$4,592Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$146.6MNet plan assets, end of year
$43,444Average balance per account
Score breakdown
- Employer generosity33.1 / 5066th percentile for employer $ per participant
- Low cost9.1 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 36th |
| Employee saving | 66th |
| Peers that auto-enroll | 38% |
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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
- Hartford Healthcare put in about $1,783 per active participant, more than the typical peer ($800). 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.
- Direct plan expenses (0.19% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $4,543,387 |
| Participant (employee) contributions | $11,699,326 |
| Other contributions (incl. rollovers in) | $2,514,002 |
| Administrative expenses paid from the plan | $243,667 |
| Investment advisory & management fees | $40,496 |
| Other admin expenses | $24,868 |
| Benefits paid out | $14,930,518 |
| Net assets, start / end of year | $108.3M / $146.6M |
| Active participants, start / end of year | 2,524 / 2,571 |
| Participants with account balances | 3,374 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Fiondella, Milone & Lasaracina LLP |
Largest service providers (Schedule C)
| Fid Inv Inst Ops Co | $198,982 reported compensation |
| Strategic Advisors, Inc. | $40,495 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007115506NAL0002642227001, received 2025-10-07, EIN 22-2672834, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.