Healogics, LLC. 401(k) Review & Grade
Healogics, LLC. 401(k) Plan
Jacksonville, FLHealth Care & Social Assistance2,734 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,573Employer $ per active participant
$4,707Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$153.3MNet plan assets, end of year
$40,809Average balance per account
Score breakdown
- Employer generosity31.7 / 5063th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 27th |
| Employee saving | 68th |
| 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
- Healogics put in about $1,573 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 (0.26% 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 | $4,302,275 |
| Participant (employee) contributions | $12,870,612 |
| Other contributions (incl. rollovers in) | $1,986,548 |
| Administrative expenses paid from the plan | $376,562 |
| Contract administrator fees | $376,562 |
| Benefits paid out | $19,706,194 |
| Net assets, start / end of year | $137.0M / $153.3M |
| Active participants, start / end of year | 2,728 / 2,741 |
| Participants with account balances | 3,756 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Gray, Gray, & Gray LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $328,202 reported compensation |
| Mma Securities LLC | $48,360 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250904124150NAL0016280657001, received 2025-09-04, EIN 65-0678356, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.