Heritage Valley Health System 401(k) Review & Grade
Heritage Valley Health System 401(k) Plan
Moon Township, PAHealth Care & Social Assistance1,356 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,166Employer $ per active participant
$4,345Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$141.8MNet plan assets, end of year
$126,574Average balance per account
Score breakdown
- Employer generosity36.6 / 5073th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving10.8 / 1572th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 77th |
| Employee saving | 72th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,078 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Heritage Valley Health System put in about $2,166 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.
- 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 | $2,935,587 |
| Participant (employee) contributions | $5,889,393 |
| Other contributions (incl. rollovers in) | $681,031 |
| Administrative expenses paid from the plan | $118,125 |
| Contract administrator fees | $88,125 |
| Investment advisory & management fees | $30,000 |
| Benefits paid out | $10,963,617 |
| Net assets, start / end of year | $126.8M / $141.8M |
| Active participants, start / end of year | 1,343 / 1,368 |
| Participants with account balances | 1,120 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Ascensus LLC | $88,125 reported compensation |
| Retirement Resources Investment Gro | $30,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001134555NAL0021065890001, received 2025-10-01, EIN 25-1441518, plan #007, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.