The Methodist Hospitals, Inc. 401(k) Review & Grade
The Methodist Hospitals, Inc. 401(k) Savings Plan
Gary, INHealth Care & Social Assistance2,971 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,039Employer $ per active participant
$2,836Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$191.2MNet plan assets, end of year
$75,080Average balance per account
Score breakdown
- Employer generosity27.5 / 5055th percentile for employer $ per participant
- Low cost10.2 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1550th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 41th |
| Employee saving | 50th |
| 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
- Methodist Hospitals put in about $1,039 per active participant, more than the typical peer ($800). 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 | $3,086,105 |
| Participant (employee) contributions | $8,425,376 |
| Other contributions (incl. rollovers in) | $3,678,685 |
| Administrative expenses paid from the plan | $296,536 |
| Contract administrator fees | $286,561 |
| Other admin expenses | $9,975 |
| Benefits paid out | $16,604,930 |
| Net assets, start / end of year | $167.1M / $191.2M |
| Active participants, start / end of year | 2,982 / 2,960 |
| Participants with account balances | 2,546 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $296,536 reported compensation |
| Captrust Financial Advisors | $30,396 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009091328NAL0010633136001, received 2025-10-09, EIN 35-0868133, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.