Rha Health Services, LLC 401(k) Review & Grade
Rha Health Services, LLC 401(k) Retirement Plan
Atlanta, GAHealth Care & Social Assistance7,164 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$34Employer $ per active participant
$519Employee $ saved per active participant
0.54%Direct admin cost, % of plan assets
$22.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.7 / 5015th percentile for employer $ per participant
- Low cost2.8 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 11th |
| Employee saving | 17th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $140,048 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Rha Health Services put in about $34 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.
- Direct plan expenses (0.54% of assets) are well above similar-size plans (0.12%). 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 | $242,796 |
| Participant (employee) contributions | $3,719,325 |
| Other contributions (incl. rollovers in) | $544,437 |
| Administrative expenses paid from the plan | $114,128 |
| Contract administrator fees | $114,128 |
| Benefits paid out | $3,053,155 |
| Net assets, start / end of year | $19.3M / $22.6M |
| Active participants, start / end of year | 6,966 / 7,361 |
| Participants with account balances | 1,343 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $114,128 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015151046NAL0010301010001, received 2025-10-15, EIN 47-4780449, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.