Bristol Hospice 401(k) Review & Grade
Bristol Hospice 401(k) Plan
Salt Lake City, UTHealth Care & Social Assistance3,062 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$419Employer $ per active participant
$1,715Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$49.2MNet plan assets, end of year
$25,311Average balance per account
Score breakdown
- Employer generosity20.7 / 5041th percentile for employer $ per participant
- Low cost3.6 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 15th |
| Employee saving | 40th |
| Peers that auto-enroll | 38% |
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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Bristol Hospice put in about $419 per active participant, below the typical peer ($800). 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 (0.45% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $1,284,297 |
| Participant (employee) contributions | $5,251,000 |
| Other contributions (incl. rollovers in) | $733,563 |
| Administrative expenses paid from the plan | $210,445 |
| Contract administrator fees | $77,578 |
| Investment advisory & management fees | $132,867 |
| Benefits paid out | $7,312,972 |
| Net assets, start / end of year | $43.7M / $49.2M |
| Active participants, start / end of year | 3,525 / 2,600 |
| Participants with account balances | 1,942 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Soltis Investment Advisors | $132,867 reported compensation |
| PCS Retirement | $77,578 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251121122654NAL0014979954001, received 2025-11-21, EIN 20-3688586, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.