Virtua Health, Inc. 401(k) Review & Grade
Virtua 401(k) Savings Plan
Marlton, NJHealth Care & Social Assistance13,338 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,824Employer $ per active participant
$5,795Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$71,119Average balance per account
Score breakdown
- Employer generosity31.1 / 5062th percentile for employer $ per participant
- Low cost15.6 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 62th |
| Employee saving | 71th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $19,783 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Virtua Health put in about $2,824 per active participant, more than the typical peer ($2,086). 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 | $37,671,670 |
| Participant (employee) contributions | $77,288,569 |
| Other contributions (incl. rollovers in) | $45,308,671 |
| Administrative expenses paid from the plan | $692,428 |
| Contract administrator fees | $474,447 |
| Investment advisory & management fees | $85,000 |
| Other admin expenses | $22,250 |
| Benefits paid out | $68,743,335 |
| Net assets, start / end of year | $990.4M / $1.2B |
| Active participants, start / end of year | 12,936 / 13,739 |
| Participants with account balances | 16,613 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Maillie LLP |
Largest service providers (Schedule C)
| Lincoln National Corporation | $474,447 reported compensation |
| Ballard Spahr, LLP | $90,981 reported compensation |
| Morgan Stanley Global Banking | $85,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250822145951NAL0005398001001, received 2025-08-22, EIN 22-3524939, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.