Highway to Health, Inc. 401(k) Review & Grade
Geoblue 401(k) Retirement Plan
King of Prussia, PAFinance & Insurance500 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,553Employer $ per active participant
$7,512Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$51.9MNet plan assets, end of year
$74,694Average balance per account
Score breakdown
- Employer generosity24.6 / 5049th percentile for employer $ per participant
- Low cost13.6 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 54th |
| Employee saving | 55th |
| Peers that auto-enroll | 62% |
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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 ($9,153 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Highway to Health put in about $3,553 per active participant, below the typical peer ($3,606). 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.
- 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 | $1,778,254 |
| Participant (employee) contributions | $3,759,997 |
| Other contributions (incl. rollovers in) | $1,932,860 |
| Administrative expenses paid from the plan | $93,743 |
| Investment advisory & management fees | $44,316 |
| Benefits paid out | $3,131,473 |
| Net assets, start / end of year | $41.8M / $51.9M |
| Active participants, start / end of year | 457 / 544 |
| Participants with account balances | 695 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $49,427 reported compensation |
| Gallagher Fiduciary Advisors LLC | $35,000 reported compensation |
| Strategic Advisors, Inc. | $9,316 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014174050NAL0004688592001, received 2025-10-14, EIN 23-2903313, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.