Muskingum Valley Health Center 401(k) Review & Grade
Muskingum Valley Health Center 401(k) Profit Sharing Plan
Zanesville, OHHealth Care & Social Assistance546 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,874Employer $ per active participant
$3,163Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$23.1MNet plan assets, end of year
$34,826Average balance per account
Score breakdown
- Employer generosity34.4 / 5069th percentile for employer $ per participant
- Low cost7.1 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 28th |
| Employee saving | 58th |
| Peers that auto-enroll | 36% |
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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
- Muskingum Valley Health Center put in about $1,874 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 (0.43% 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.
- 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 | $1,023,080 |
| Participant (employee) contributions | $1,727,014 |
| Other contributions (incl. rollovers in) | $440,242 |
| Administrative expenses paid from the plan | $90,755 |
| Other admin expenses | $90,755 |
| Benefits paid out | $2,596,575 |
| Net assets, start / end of year | $19.5M / $23.1M |
| Active participants, start / end of year | 539 / 553 |
| Participants with account balances | 662 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Peoples Bank | $90,755 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014143320NAL0006347234001, received 2025-10-14, EIN 20-8814374, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.