Qhccs, LLC 401(k) Review & Grade
Quorum Health Retirement Savings Plan
Brentwood, TNHealth Care & Social Assistance2,914 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$476Employer $ per active participant
$2,067Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$255.9MNet plan assets, end of year
$83,385Average balance per account
Score breakdown
- Employer generosity21.2 / 5042th percentile for employer $ per participant
- Low cost15.3 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1543th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 61th |
| Employee saving | 43th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($448,849 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Qhccs put in about $476 per active participant, below the typical peer ($800). 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.
- 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,388,649 |
| Participant (employee) contributions | $6,023,501 |
| Other contributions (incl. rollovers in) | $740,234 |
| Administrative expenses paid from the plan | $227,183 |
| Contract administrator fees | $6,800 |
| Investment advisory & management fees | $15,000 |
| Other admin expenses | $32,125 |
| Benefits paid out | $41,796,803 |
| Net assets, start / end of year | $261.1M / $255.9M |
| Active participants, start / end of year | 2,675 / 3,154 |
| Participants with account balances | 3,069 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Voya Institutional Plan Services | $212,183 reported compensation |
| Global Retirement Partners LLC | $15,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015192850NAL0002923235001, received 2025-10-15, EIN 38-3980467, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.