Baptist Health 401(k) Review & Grade
Baptist Health 401(a) Plan
Little Rock, ARHealth Care & Social Assistance11,332 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,014Employer $ per active participant
$41Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$563.5MNet plan assets, end of year
$34,602Average balance per account
Score breakdown
- Employer generosity43.4 / 5087th percentile for employer $ per participant
- Low cost5.6 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 22th |
| Employee saving | 2th |
| 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
- Baptist Health put in about $4,014 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.
- Direct plan expenses (0.17% of assets) are well above similar-size plans (0.09%). 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 | $45,487,046 |
| Participant (employee) contributions | $462,420 |
| Other contributions (incl. rollovers in) | $29,251,956 |
| Administrative expenses paid from the plan | $895,514 |
| Benefits paid out | $35,320,019 |
| Net assets, start / end of year | $468.0M / $563.5M |
| Active participants, start / end of year | 11,107 / 11,558 |
| Participants with account balances | 16,284 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250818123404NAL0002477634001, received 2025-08-18, EIN 71-0236856, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.