Mariner Health Care 401(k) Review & Grade
Mariner Savings Plan
Atlanta, GAHealth Care & Social Assistance4,346 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5Employer $ per active participant
$1,634Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$75.2MNet plan assets, end of year
$17,585Average balance per account
Score breakdown
- Employer generosity4.8 / 5010th percentile for employer $ per participant
- Low cost4.6 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1537th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 19th |
| Employee saving | 37th |
| Peers that auto-enroll | 38% |
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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
- Mariner Health Care put in about $5 per active participant, below the typical peer ($800). 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.
- Direct plan expenses (0.35% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $20,429 |
| Participant (employee) contributions | $7,100,309 |
| Other contributions (incl. rollovers in) | $151,409 |
| Administrative expenses paid from the plan | $255,055 |
| Contract administrator fees | $255,055 |
| Benefits paid out | $7,840,589 |
| Net assets, start / end of year | $69.2M / $75.2M |
| Active participants, start / end of year | 4,375 / 4,318 |
| Participants with account balances | 4,278 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Windham Brannon, LLC |
Largest service providers (Schedule C)
| Fidelity Invest Inst Oper Co., Inc. | $131,304 reported compensation |
| Harbor Investment Advisory LLC | $102,000 reported compensation |
| Windham Brannon | $21,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014175536NAL0003444913005, received 2025-10-14, EIN 74-2012902, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.