Heartflow, Inc. 401(k) Review & Grade
Heartflow, Inc. 401(k) Plan
Mountain View, CAHealth Care & Social Assistance565 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,526Employer $ per active participant
$11,795Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$40.5MNet plan assets, end of year
$53,979Average balance per account
Score breakdown
- Employer generosity39.0 / 5078th percentile for employer $ per participant
- Low cost9.6 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving14.7 / 1598th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 39th |
| Employee saving | 98th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($201,178 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,673 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Heartflow put in about $2,526 per active participant, more than the typical peer ($976). 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.
- 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,427,073 |
| Participant (employee) contributions | $6,664,396 |
| Other contributions (incl. rollovers in) | $2,695,788 |
| Administrative expenses paid from the plan | $110,809 |
| Contract administrator fees | $110,809 |
| Benefits paid out | $3,568,236 |
| Net assets, start / end of year | $29.3M / $40.5M |
| Active participants, start / end of year | 526 / 604 |
| Participants with account balances | 750 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $90,630 reported compensation |
| Global Retirement Partners LLC | $48,490 reported compensation |
| United 401k Plans Inc | $35,934 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013180331NAL0000885699001, received 2025-10-13, EIN 26-0506743, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.