Miller's Health Systems, Inc 401(k) Review & Grade
Miller's Health Systems, Inc. Profit Sharing Plan
Warsaw, INHealth Care & Social Assistance921 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$404Employer $ per active participant
$1,350Employee $ saved per active participant
$0 reportedDirect admin cost, % of plan assets
$47.2MNet plan assets, end of year
$58,960Average balance per account
Score breakdown
- Employer generosity15.0 / 5030th percentile for employer $ per participant
- Low cost12.5 / 25No direct expenses reported, scored neutral
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score32 / 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 | 30th |
| Lower admin cost | neutral |
| Employee saving | 31th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $26,631 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Miller's Health Systems put in about $404 per active participant, below the typical peer ($976). 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.
- The plan reported no administrative expenses paid from plan assets. The employer may pay them, or the costs may be built into fund fees. Check your 404(a)(5) fee disclosure for each fund's expense ratio.
- 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 | $371,670 |
| Participant (employee) contributions | $1,242,944 |
| Other contributions (incl. rollovers in) | $30,948 |
| Administrative expenses paid from the plan | $0 |
| Benefits paid out | $6,811,071 |
| Net assets, start / end of year | $47.0M / $47.2M |
| Active participants, start / end of year | 890 / 952 |
| Participants with account balances | 801 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Edward D Jones & Co. | $67,190 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260714142503NAL0002357346001, received 2026-07-14, EIN 38-2889455, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.