Nebraska Methodist Health System, Inc. 401(k) Review & Grade
Methodist Health System 401(k) Plan
Omaha, NEHealth Care & Social Assistance8,619 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,683Employer $ per active participant
$5,448Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$706.1MNet plan assets, end of year
$75,259Average balance per account
Score breakdown
- Employer generosity46.0 / 5092th percentile for employer $ per participant
- Low cost18.2 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving11.5 / 1577th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score86 / 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 | 92th |
| Lower admin cost | 73th |
| Employee saving | 77th |
| 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
- Nebraska Methodist Health System put in about $4,683 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 | $40,364,592 |
| Participant (employee) contributions | $46,953,761 |
| Other contributions (incl. rollovers in) | $8,134,136 |
| Administrative expenses paid from the plan | $390,885 |
| Contract administrator fees | $2,700 |
| Investment advisory & management fees | $24,053 |
| Other admin expenses | $14,550 |
| Benefits paid out | $58,306,175 |
| Net assets, start / end of year | $590.1M / $706.1M |
| Active participants, start / end of year | 8,480 / 8,758 |
| Participants with account balances | 9,382 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lutz |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $319,082 reported compensation |
| Lutz & Company, PC | $30,500 reported compensation |
| Willis Towers Watson US LLC | $17,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002175036NAL0001758466001, received 2025-10-02, EIN 47-0639839, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.