Uf Health-Central Florida 401(k) Review & Grade
Uf Health-Central Florida 401k Plan
The Villages, FLHealth Care & Social Assistance3,472 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,277Employer $ per active participant
$3,033Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$169.3MNet plan assets, end of year
$69,394Average balance per account
Score breakdown
- Employer generosity28.8 / 5058th percentile for employer $ per participant
- Low cost7.7 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score34 / 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 | 58th |
| Lower admin cost | 31th |
| Employee saving | 52th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $2,894 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Uf Health-Central Florida put in about $1,277 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.
- Direct plan expenses (0.22% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $4,436,091 |
| Participant (employee) contributions | $10,530,975 |
| Other contributions (incl. rollovers in) | $1,633,071 |
| Administrative expenses paid from the plan | $358,646 |
| Investment advisory & management fees | $153,503 |
| Benefits paid out | $18,063,920 |
| Net assets, start / end of year | $152.6M / $169.3M |
| Active participants, start / end of year | 3,183 / 3,762 |
| Participants with account balances | 2,440 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | James Moore & Co., P.L. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $205,143 reported compensation |
| Sageview Advisory Group LLC | $106,738 reported compensation |
| Strategic Advisors, Inc. | $46,765 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014173407NAL0004670112001, received 2025-10-14, EIN 33-1197054, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.