Children's National Hospital 401(k) Review & Grade
Cnmc Affiliates' 401(k) Retirement Plan
Washington, DCHealth Care & Social Assistance8,934 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,589Employer $ per active participant
$6,718Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.3BNet plan assets, end of year
$155,335Average balance per account
Score breakdown
- Employer generosity42.4 / 5085th percentile for employer $ per participant
- Low cost20.9 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1586th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 84th |
| Employee saving | 86th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $14,905 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Children's National Hospital put in about $3,589 per active participant, more than the typical peer ($800). 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.
- 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 | $32,061,958 |
| Participant (employee) contributions | $60,017,908 |
| Other contributions (incl. rollovers in) | $8,026,843 |
| Administrative expenses paid from the plan | $495,655 |
| Other admin expenses | $47,504 |
| Benefits paid out | $107,280,206 |
| Net assets, start / end of year | $1.2B / $1.3B |
| Active participants, start / end of year | 8,582 / 9,286 |
| Participants with account balances | 8,538 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricewaterhousecoopers |
Largest service providers (Schedule C)
| Fid Inv Inst Ops Co | $450,075 reported compensation |
| Fiducient Advisors LLC | $47,504 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250725161549NAL0007676608001, received 2025-07-25, EIN 52-1640403, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.