Healthedge Software, Inc 401(k) Review & Grade
Healthedge Software 401k Plan
Boston, MAProfessional, Scientific & Technical Services1,121 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,246Employer $ per active participant
$12,832Employee $ saved per active participant
0.55%Direct admin cost, % of plan assets
$121.1MNet plan assets, end of year
$95,829Average balance per account
Score breakdown
- Employer generosity37.6 / 5075th percentile for employer $ per participant
- Low cost5.0 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 20th |
| Employee saving | 79th |
| Peers that auto-enroll | 48% |
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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
- Healthedge Software put in about $5,246 per active participant, more than the typical peer ($3,082). 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 (0.55% 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.
- 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 | $5,880,929 |
| Participant (employee) contributions | $14,384,517 |
| Other contributions (incl. rollovers in) | $2,030,835 |
| Administrative expenses paid from the plan | $597,701 |
| Contract administrator fees | $597,701 |
| Benefits paid out | $10,135,578 |
| Net assets, start / end of year | $94.9M / $121.1M |
| Active participants, start / end of year | 992 / 1,250 |
| Participants with account balances | 1,264 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Gray, Gray & Gray, LLP |
Largest service providers (Schedule C)
| Janney Montgomery Scott LLC | $377,852 reported compensation |
| Empower Annuity Insurance Company O | $144,250 reported compensation |
| Empower Advisory Griup, LLC | $66,235 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014150502NAL0006561170001, received 2025-10-14, EIN 20-2006970, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.