Baylor Scott & White Holdings 401(k) Review & Grade
Baylor Scott & White Health Retirement Savings Plan
Dallas, TXHealth Care & Social Assistance46,093 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,268Employer $ per active participant
$4,816Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$4.7BNet plan assets, end of year
$94,220Average balance per account
Score breakdown
- Employer generosity36.4 / 5073th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 51th |
| Employee saving | 53th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($5,663 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $37,274 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Baylor Scott & White Holdings put in about $3,268 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $150,641,086 |
| Participant (employee) contributions | $221,984,533 |
| Other contributions (incl. rollovers in) | $32,594,919 |
| Administrative expenses paid from the plan | $3,673,375 |
| Other admin expenses | $70,716 |
| Benefits paid out | $340,241,013 |
| Net assets, start / end of year | $4.1B / $4.7B |
| Active participants, start / end of year | 45,398 / 46,788 |
| Participants with account balances | 49,443 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $2,537,091 reported compensation |
| Empower Annuity Insurance Company O | $1,215,478 reported compensation |
| Forvis Mazars LLP | $84,525 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729142747NAL0001699491001, received 2025-07-29, EIN 46-3130985, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.