Aspire Rural Health System 401(k) Review & Grade
Aspire Rural Health System 401(k) Plan
Cass City, MIHealth Care & Social Assistance1,058 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,886Employer $ per active participant
$2,940Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$45.8MNet plan assets, end of year
$34,721Average balance per account
Score breakdown
- Employer generosity34.4 / 5069th percentile for employer $ per participant
- Low cost12.0 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 48th |
| Employee saving | 56th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $24,696 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Aspire Rural Health System put in about $1,886 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 | $1,995,812 |
| Participant (employee) contributions | $3,111,981 |
| Other contributions (incl. rollovers in) | $2,136,246 |
| Administrative expenses paid from the plan | $78,064 |
| Investment advisory & management fees | $27,641 |
| Benefits paid out | $2,720,432 |
| Net assets, start / end of year | $17.9M / $45.8M |
| Active participants, start / end of year | 964 / 1,153 |
| Participants with account balances | 1,320 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Nietzke & Faupel PC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $90,248 reported compensation |
| Capital Asset Advisory Services, LL | $26,899 reported compensation |
| Northwestern Mutual Investment Svcs | $2,093 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015083752NAL0004358689001, received 2025-10-15, EIN 46-5444203, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.