Health Systems Management, Inc. 401(k) Review & Grade
Dialysis Employees' Profit Sharing 401k Salary Reduction Plan and Trust
Tifton, GAHealth Care & Social Assistance750 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$901Employer $ per active participant
$2,724Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$34.1MNet plan assets, end of year
$59,530Average balance per account
Score breakdown
- Employer generosity24.0 / 5048th percentile for employer $ per participant
- Low cost7.0 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 28th |
| Employee saving | 53th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $32,087 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Health Systems Management put in about $901 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.
- Direct plan expenses (0.43% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $676,255 |
| Participant (employee) contributions | $2,044,091 |
| Other contributions (incl. rollovers in) | $329,902 |
| Administrative expenses paid from the plan | $138,897 |
| Contract administrator fees | $83,987 |
| Investment advisory & management fees | $54,910 |
| Benefits paid out | $2,997,597 |
| Net assets, start / end of year | $30.3M / $34.1M |
| Active participants, start / end of year | 767 / 734 |
| Participants with account balances | 573 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mcnair, Mclemore, Middlebrooks & Co |
Largest service providers (Schedule C)
| Lincoln National Corporation | $83,987 reported compensation |
| Merrill Lynch | $41,576 reported compensation |
| Morgan Stanley | $13,334 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014133701NAL0001470883001, received 2025-10-14, EIN 58-1821191, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.