Lifepoint Health, Inc. 401(k) Review & Grade
Lifepoint Health, Inc. Retirement Plan
Brentwood, TNHealth Care & Social Assistance50,082 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$753Employer $ per active participant
$3,993Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$2.6BNet plan assets, end of year
$45,860Average balance per account
Score breakdown
- Employer generosity16.2 / 5032th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 47th |
| Employee saving | 39th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $41,040 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Lifepoint Health put in about $753 per active participant, below the typical peer ($2,086). 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 | $37,698,222 |
| Participant (employee) contributions | $199,981,486 |
| Other contributions (incl. rollovers in) | $20,576,909 |
| Administrative expenses paid from the plan | $2,247,816 |
| Contract administrator fees | $438,989 |
| Investment advisory & management fees | $80,000 |
| Other admin expenses | $115,960 |
| Benefits paid out | $288,679,776 |
| Net assets, start / end of year | $2.3B / $2.6B |
| Active participants, start / end of year | 47,102 / 53,062 |
| Participants with account balances | 56,153 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $2,035,155 reported compensation |
| Janney Montgomery Scott LLC | $80,000 reported compensation |
| Lbmc PC | $14,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015145219NAL0002606467001, received 2025-10-15, EIN 27-0500485, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.