Newton Healthcare Corporation 401(k) Review & Grade
Newton Healthcare Corporation 401k Retirement Plan
Newton, KSHealth Care & Social Assistance685 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,669Employer $ per active participant
$3,031Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$55.1MNet plan assets, end of year
$68,742Average balance per account
Score breakdown
- Employer generosity32.3 / 5065th percentile for employer $ per participant
- Low cost12.0 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1557th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score48 / 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 | 65th |
| Lower admin cost | 48th |
| Employee saving | 57th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $699 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Newton Healthcare put in about $1,669 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.
- 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.
- 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 | $1,142,935 |
| Participant (employee) contributions | $2,076,293 |
| Other contributions (incl. rollovers in) | $148,262 |
| Administrative expenses paid from the plan | $130,775 |
| Investment advisory & management fees | $27,281 |
| Benefits paid out | $6,500,175 |
| Net assets, start / end of year | $52.4M / $55.1M |
| Active participants, start / end of year | 592 / 778 |
| Participants with account balances | 801 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Regier Carr & Monroe, LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $60,525 reported compensation |
| Pentegra Tpa Division | $36,634 reported compensation |
| Instrust Bank, N.A. | $27,281 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002204451NAL0000878561001, received 2025-10-02, EIN 48-1040759, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.