Northeast Georgia Health System, Inc. 401(k) Review & Grade
Northeast Georgia Health System, Inc. 401(k) Retirement Savings Plan
Gainesville, GAHealth Care & Social Assistance11,370 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,972Employer $ per active participant
$5,648Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$847.5MNet plan assets, end of year
$60,487Average balance per account
Score breakdown
- Employer generosity32.9 / 5066th percentile for employer $ per participant
- Low cost13.7 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 55th |
| Employee saving | 69th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,302 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Northeast Georgia Health System put in about $2,972 per active participant, more than the typical peer ($2,086). 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 | $33,791,997 |
| Participant (employee) contributions | $64,216,339 |
| Other contributions (incl. rollovers in) | $6,516,892 |
| Administrative expenses paid from the plan | $601,789 |
| Contract administrator fees | $580,094 |
| Investment advisory & management fees | $21,695 |
| Benefits paid out | $59,719,889 |
| Net assets, start / end of year | $710.2M / $847.5M |
| Active participants, start / end of year | 11,059 / 11,682 |
| Participants with account balances | 14,011 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pya, P.C. |
Largest service providers (Schedule C)
| Ascensus LLC | $796,631 reported compensation |
| Nextcapital Group, Inc. | $21,695 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015151840NAL0002535955001, received 2025-10-15, EIN 58-1694090, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.