Allegheny Health Network 401(k) Review & Grade
Allegheny Health Network 401(k) Plan
Pittsburgh, PAHealth Care & Social Assistance21,298 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,880Employer $ per active participant
$6,148Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$46,791Average balance per account
Score breakdown
- Employer generosity43.0 / 5086th percentile for employer $ per participant
- Low cost8.9 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score73 / 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 | 86th |
| Lower admin cost | 36th |
| Employee saving | 75th |
| Peers that auto-enroll | 52% |
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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
- Allegheny Health Network put in about $3,880 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 | $82,637,575 |
| Participant (employee) contributions | $130,940,373 |
| Other contributions (incl. rollovers in) | $9,993,549 |
| Administrative expenses paid from the plan | $1,570,310 |
| Other admin expenses | $1,570,310 |
| Benefits paid out | $97,402,680 |
| Net assets, start / end of year | $1.1B / $1.4B |
| Active participants, start / end of year | 21,065 / 21,530 |
| Participants with account balances | 30,812 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Alight Solutions LLC | $1,089,979 reported compensation |
| Blackrock | $392,367 reported compensation |
| Mercer | $95,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009081429NAL0011025728001, received 2025-10-09, EIN 45-3674924, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.