Saint Luke's Health System 401(k) Review & Grade
Saint Luke's Retirement Balance and Matching Plan
Kansas City, MOHealth Care & Social Assistance12,848 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,354Employer $ per active participant
$0Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$491.8MNet plan assets, end of year
$34,578Average balance per account
Score breakdown
- Employer generosity36.8 / 5074th percentile for employer $ per participant
- Low cost18.8 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving0.0 / 150th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 75th |
| Employee saving | 0th |
| Peers that auto-enroll | 52% |
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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
- Saint Luke's Health System put in about $3,354 per active participant, more than the typical peer ($2,086). 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.
- 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 | $43,092,190 |
| Participant (employee) contributions | $0 |
| Other contributions (incl. rollovers in) | −$2 |
| Administrative expenses paid from the plan | $204,131 |
| Investment advisory & management fees | $187,718 |
| Other admin expenses | $26,794 |
| Benefits paid out | $32,795,223 |
| Net assets, start / end of year | $427.4M / $491.8M |
| Active participants, start / end of year | 12,441 / 13,255 |
| Participants with account balances | 14,224 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $126,179 reported compensation |
| Fidelity Investments Institutional | $54,542 reported compensation |
| Captrust | $26,703 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251012112850NAL0000093459001, received 2025-10-12, EIN 43-1747502, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.