Toledo Clinic, Inc. 401(k) Review & Grade
Toledo Clinic, Inc. Employees' 401(k) Profit Sharing Plan and Trust
Toledo, OHHealth Care & Social Assistance1,524 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,859Employer $ per active participant
$4,727Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$261.0MNet plan assets, end of year
$155,941Average balance per account
Score breakdown
- Employer generosity45.4 / 5091th percentile for employer $ per participant
- Low cost14.7 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 59th |
| Employee saving | 76th |
| Peers that auto-enroll | 36% |
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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
- Toledo Clinic put in about $4,859 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.
- 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 | $7,405,873 |
| Participant (employee) contributions | $7,204,081 |
| Other contributions (incl. rollovers in) | $495,626 |
| Administrative expenses paid from the plan | $420,199 |
| Investment advisory & management fees | $270,639 |
| Other admin expenses | $1,039 |
| Benefits paid out | $12,311,348 |
| Net assets, start / end of year | $224.0M / $261.0M |
| Active participants, start / end of year | 1,528 / 1,520 |
| Participants with account balances | 1,674 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services LLC | $141,371 reported compensation |
| Kovitz Investment Group Partners | $63,892 reported compensation |
| Premier Bank | $51,443 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014111606NAL0002616769001, received 2025-10-14, EIN 34-0936207, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.