Intermountain Health Care, Inc. 401(k) Review & Grade
Intermountain Health 401(k) Plan
Salt Lake City, UTHealth Care & Social Assistance68,696 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,139Employer $ per active participant
$5,215Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$6.8BNet plan assets, end of year
$81,460Average balance per account
Score breakdown
- Employer generosity34.6 / 5069th percentile for employer $ per participant
- Low cost6.8 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 27th |
| Employee saving | 61th |
| Peers that auto-enroll | 52% |
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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
- Intermountain Health Care put in about $3,139 per active participant, more than the typical peer ($2,086). 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 (0.15% of assets) are well above similar-size plans (0.09%). 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 | $215,608,000 |
| Participant (employee) contributions | $358,239,000 |
| Other contributions (incl. rollovers in) | $60,042,000 |
| Administrative expenses paid from the plan | $9,798,000 |
| Contract administrator fees | $49,000 |
| Investment advisory & management fees | $6,180,000 |
| Other admin expenses | $359,000 |
| Benefits paid out | $518,424,000 |
| Net assets, start / end of year | $6.0B / $6.8B |
| Active participants, start / end of year | 68,360 / 69,032 |
| Participants with account balances | 83,866 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe, LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $3,483,000 reported compensation |
| Sands Capital Management LLC | $2,562,000 reported compensation |
| Townsquare Capital LLC | $1,825,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011122629NAL0004755411001, received 2025-10-11, EIN 87-0269232, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.