R1 RCM Holdco Inc. 401(k) Review & Grade
R1 RCM Holdco Inc. 401(k) Plan
Murray, UTProfessional, Scientific & Technical Services13,970 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,769Employer $ per active participant
$4,125Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$664.7MNet plan assets, end of year
$49,892Average balance per account
Score breakdown
- Employer generosity13.0 / 5026th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 15th |
| Employee saving | 25th |
| Peers that auto-enroll | 39% |
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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 ($1,293,046 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
- R1 RCM Holdco put in about $1,769 per active participant, below the typical peer ($2,932). 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 (0.22% 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.
- 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 | $24,713,175 |
| Participant (employee) contributions | $57,632,871 |
| Other contributions (incl. rollovers in) | $30,441,693 |
| Administrative expenses paid from the plan | $1,264,601 |
| Investment advisory & management fees | $615,345 |
| Other admin expenses | $37,368 |
| Benefits paid out | $64,325,325 |
| Net assets, start / end of year | $485.6M / $664.7M |
| Active participants, start / end of year | 12,175 / 15,766 |
| Participants with account balances | 13,322 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young, LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $615,345 reported compensation |
| Fidelity Investments Institutional | $586,001 reported compensation |
| Ernst & Young U.S. LLP | $42,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009164133NAL0004106691001, received 2025-10-09, EIN 02-0698101, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.