Bridgemark Healthcare, LLC 401(k) Review & Grade
Bridgemark 401(k) Plan
Saint Ann, MOHealth Care & Social Assistance769 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$296Employer $ per active participant
$1,423Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$8.1MNet plan assets, end of year
$8,331Average balance per account
Score breakdown
- Employer generosity13.1 / 5026th percentile for employer $ per participant
- Low cost4.1 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1532th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 17th |
| Employee saving | 32th |
| Peers that auto-enroll | 36% |
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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
- Bridgemark Healthcare put in about $296 per active participant, below the typical peer ($976). 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 (0.62% 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 | $227,769 |
| Participant (employee) contributions | $1,094,112 |
| Other contributions (incl. rollovers in) | $97,658 |
| Administrative expenses paid from the plan | $46,038 |
| Other admin expenses | $46,038 |
| Benefits paid out | $834,600 |
| Net assets, start / end of year | $6.7M / $8.1M |
| Active participants, start / end of year | 652 / 886 |
| Participants with account balances | 978 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Marr and Company, P.C. |
Largest service providers (Schedule C)
| Mma Securities LLC | $22,695 reported compensation |
| Aps Pentegra | $13,953 reported compensation |
| Pentegra Services Inc | $7,567 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260206062827NAL0012345682001, received 2026-02-06, EIN 47-0847045, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.