Healthstream, Inc. 401(k) Review & Grade
Healthstream, Inc. 401(k) Plan
Nashville, TNProfessional, Scientific & Technical Services1,082 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,435Employer $ per active participant
$9,956Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$99.0MNet plan assets, end of year
$71,496Average balance per account
Score breakdown
- Employer generosity12.7 / 5025th percentile for employer $ per participant
- Low cost11.6 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 46th |
| Employee saving | 59th |
| 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
- Healthstream put in about $1,435 per active participant, below the typical peer ($3,082). 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.
- 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 | $1,553,697 |
| Participant (employee) contributions | $10,776,938 |
| Other contributions (incl. rollovers in) | $780,057 |
| Administrative expenses paid from the plan | $236,025 |
| Other admin expenses | $236,025 |
| Benefits paid out | $10,815,763 |
| Net assets, start / end of year | $85.1M / $99.0M |
| Active participants, start / end of year | 1,084 / 1,081 |
| Participants with account balances | 1,385 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $145,050 reported compensation |
| Vanguard Advisers Inc. | $38,025 reported compensation |
| Wells Fargo Advisors | $30,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003091340NAL0000715155001, received 2025-10-03, EIN 62-1443555, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.