Sutter Health 401(k) Review & Grade
Sutter Health 401(k) Savings Plan
Sacramento, CAHealth Care & Social Assistance2,633 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$59Employer $ per active participant
$1,480Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$179.5MNet plan assets, end of year
$46,452Average balance per account
Score breakdown
- Employer generosity9.5 / 5019th percentile for employer $ per participant
- Low cost19.6 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1533th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score44 / 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 | 19th |
| Lower admin cost | 79th |
| Employee saving | 33th |
| Peers that auto-enroll | 38% |
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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
- Sutter Health put in about $59 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $155,848 |
| Participant (employee) contributions | $3,897,491 |
| Other contributions (incl. rollovers in) | $842,538 |
| Administrative expenses paid from the plan | $86,202 |
| Benefits paid out | $17,971,982 |
| Net assets, start / end of year | $167.3M / $179.5M |
| Active participants, start / end of year | 2,714 / 2,552 |
| Participants with account balances | 3,865 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $86,202 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918135217NAL0001408481001, received 2025-09-18, EIN 94-2788907, plan #338, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.