Ashfield Healthcare, LLC 401(k) Review & Grade
Inizio Retirement Plan
FT Washington, PAProfessional, Scientific & Technical Services2,428 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,508Employer $ per active participant
$7,453Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$139.8MNet plan assets, end of year
$37,101Average balance per account
Score breakdown
- Employer generosity20.8 / 5042th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 35th |
| Employee saving | 38th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,832 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ashfield Healthcare put in about $2,508 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.35% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $6,089,309 |
| Participant (employee) contributions | $18,091,304 |
| Other contributions (incl. rollovers in) | $2,752,669 |
| Administrative expenses paid from the plan | $430,672 |
| Investment advisory & management fees | $249,439 |
| Benefits paid out | $23,534,924 |
| Net assets, start / end of year | $107.8M / $139.8M |
| Active participants, start / end of year | 2,655 / 2,200 |
| Participants with account balances | 3,767 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli LLP |
Largest service providers (Schedule C)
| Global Retirement Partners | $231,136 reported compensation |
| Adp, Inc. | $199,534 reported compensation |
| Morningstar Retirement Manager | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011051439NAL0019455458001, received 2025-10-11, EIN 90-0789049, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.