Signature Health, Inc. 401(k) Review & Grade
Signature Health, Inc. 401(k) Plan
Kirtland, OHHealth Care & Social Assistance911 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,890Employer $ per active participant
$3,810Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$32.8MNet plan assets, end of year
$46,538Average balance per account
Score breakdown
- Employer generosity34.6 / 5069th percentile for employer $ per participant
- Low cost14.4 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 58th |
| Employee saving | 66th |
| Peers that auto-enroll | 36% |
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
- Signature Health put in about $1,890 per active participant, more than the typical peer ($976). 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 | $1,721,999 |
| Participant (employee) contributions | $3,470,649 |
| Other contributions (incl. rollovers in) | $622,266 |
| Administrative expenses paid from the plan | $52,455 |
| Investment advisory & management fees | $40,000 |
| Benefits paid out | $1,971,066 |
| Net assets, start / end of year | $25.4M / $32.8M |
| Active participants, start / end of year | 897 / 925 |
| Participants with account balances | 705 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohen & Company LTD |
Largest service providers (Schedule C)
| Morgan Stanley Smith Barney | $40,000 reported compensation |
| Adp, Inc. | $12,455 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014052923NAL0002156449001, received 2025-10-14, EIN 34-1751703, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.