Chs/community Health Systems, Inc. 401(k) Review & Grade
Chs/community Health Systems, Inc. Standard 401(k) Plan
Franklin, TNHealth Care & Social Assistance1,414 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,067Employer $ per active participant
$3,483Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$127.5MNet plan assets, end of year
$71,754Average balance per account
Score breakdown
- Employer generosity35.8 / 5072th percentile for employer $ per participant
- Low cost16.5 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 66th |
| Employee saving | 62th |
| Peers that auto-enroll | 36% |
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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 ($267 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Chs/community Health Systems put in about $2,067 per active participant, more than the typical peer ($976). 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 | $2,923,241 |
| Participant (employee) contributions | $4,926,631 |
| Other contributions (incl. rollovers in) | $185,424 |
| Administrative expenses paid from the plan | $170,787 |
| Contract administrator fees | $164,903 |
| Investment advisory & management fees | $5,884 |
| Benefits paid out | $16,598,517 |
| Net assets, start / end of year | $123.5M / $127.5M |
| Active participants, start / end of year | 1,436 / 1,393 |
| Participants with account balances | 1,777 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $164,903 reported compensation |
| LPL Financial LLC - Rpcp | $6,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926144619NAL0004061011001, received 2025-09-26, EIN 76-0137985, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.