Medical Rehabilitation Centers, LLC 401(k) Review & Grade
Medical Rehabilitation Centers, LLC 401k Profit Sharing Plan
Lexington, KYHealth Care & Social Assistance1,358 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,189Employer $ per active participant
$2,220Employee $ saved per active participant
0.72%Direct admin cost, % of plan assets
$18.4MNet plan assets, end of year
$9,191Average balance per account
Score breakdown
- Employer generosity27.3 / 5055th percentile for employer $ per participant
- Low cost3.1 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 12th |
| Employee saving | 45th |
| Peers that auto-enroll | 36% |
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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 ($117,604 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
- Medical Rehabilitation Centers put in about $1,189 per active participant, more than the typical peer ($976). 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 (0.72% of assets) are well above similar-size plans (0.23%). 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 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 | $1,614,025 |
| Participant (employee) contributions | $3,014,796 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $122,810 |
| Benefits paid out | $3,736,832 |
| Net assets, start / end of year | $15.8M / $18.4M |
| Active participants, start / end of year | 1,799 / 917 |
| Participants with account balances | 2,006 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Saltmarsh Cpas, Inc. |
Largest service providers (Schedule C)
| Central Bank & Trust Company | $41,258 reported compensation |
| Saltmarsh Cleaveland and Gund | $19,200 reported compensation |
| Mcgregor and Associates | $16,743 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015113519NAL0006120336005, received 2025-10-15, EIN 61-1223991, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.