Logan Health 401(k) Review & Grade
Logan Health Retirement Savings Plan
Kalispell, MTHealth Care & Social Assistance4,316 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,305Employer $ per active participant
$6,317Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$500.4MNet plan assets, end of year
$88,417Average balance per account
Score breakdown
- Employer generosity44.9 / 5090th percentile for employer $ per participant
- Low cost11.2 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 45th |
| Employee saving | 84th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,984 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Logan Health put in about $4,305 per active participant, more than the typical peer ($800). 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 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 | $18,584,556 |
| Participant (employee) contributions | $27,268,076 |
| Other contributions (incl. rollovers in) | $2,230,574 |
| Administrative expenses paid from the plan | $672,788 |
| Other admin expenses | $672,788 |
| Benefits paid out | $43,701,446 |
| Net assets, start / end of year | $436.6M / $500.4M |
| Active participants, start / end of year | 4,288 / 4,345 |
| Participants with account balances | 5,659 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $337,225 reported compensation |
| Vanguard Advisers Inc. | $206,641 reported compensation |
| Parallel Advisors LLC | $140,172 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926144240NAL0004059459001, received 2025-09-26, EIN 81-0406485, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.