Northern Arizona Healthcare Corp. 401(k) Review & Grade
Northern Arizona Healthcare Corporation 401(k) Plan
Flagstaff, AZHealth Care & Social Assistance3,733 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,141Employer $ per active participant
$6,604Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$413.7MNet plan assets, end of year
$82,228Average balance per account
Score breakdown
- Employer generosity44.2 / 5088th percentile for employer $ per participant
- Low cost13.6 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score78 / 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 | 88th |
| Lower admin cost | 54th |
| Employee saving | 85th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $29,646 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Northern Arizona Healthcare put in about $4,141 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 | $15,459,867 |
| Participant (employee) contributions | $24,652,075 |
| Other contributions (incl. rollovers in) | $2,748,710 |
| Administrative expenses paid from the plan | $421,680 |
| Benefits paid out | $40,819,463 |
| Net assets, start / end of year | $362.6M / $413.7M |
| Active participants, start / end of year | 3,610 / 3,856 |
| Participants with account balances | 5,031 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $416,575 reported compensation |
| WT Wealth Management LLC | $50,253 reported compensation |
| Tci Wealth Advisors Inc | $26,215 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011145124NAL0008562913001, received 2025-10-11, EIN 74-2410946, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.