Pruitthealth, Inc. 401(k) Review & Grade
Pruitthealth, Inc. Employees 401(k) Plan and Hero Fund
Norcross, GAHealth Care & Social Assistance18,421 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$161Employer $ per active participant
$941Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$267.0MNet plan assets, end of year
$12,868Average balance per account
Score breakdown
- Employer generosity8.8 / 5018th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 3th |
| Employee saving | 21th |
| Peers that auto-enroll | 52% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Pruitthealth put in about $161 per active participant, below the typical peer ($2,086). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.53% of assets) are well above similar-size plans (0.09%). 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 | $2,964,815 |
| Participant (employee) contributions | $17,342,081 |
| Other contributions (incl. rollovers in) | $1,553,275 |
| Administrative expenses paid from the plan | $1,335,764 |
| Investment advisory & management fees | $122,787 |
| Benefits paid out | $24,821,869 |
| Net assets, start / end of year | $241.8M / $267.0M |
| Active participants, start / end of year | 16,026 / 20,816 |
| Participants with account balances | 20,746 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mauldin & Jenkins, LLC |
Largest service providers (Schedule C)
| Milliman, Inc. | $1,094,842 reported compensation |
| Morgan Stanley | $122,787 reported compensation |
| Matrix Trust Company | $118,135 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003080027NAL0000713363001, received 2025-10-03, EIN 58-1295697, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.