Community Health Network, Inc. 401(k) Review & Grade
Community Health Network 401(k) Retirement Plan
Indianapolis, INHealth Care & Social Assistance16,972 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,761Employer $ per active participant
$5,346Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$1.6BNet plan assets, end of year
$100,939Average balance per account
Score breakdown
- Employer generosity40.8 / 5082th percentile for employer $ per participant
- Low cost6.9 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 28th |
| Employee saving | 64th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,190 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Community Health Network put in about $3,761 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.
- Direct plan expenses (0.15% of assets) are well above similar-size plans (0.09%). 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 | $63,837,964 |
| Participant (employee) contributions | $90,724,173 |
| Other contributions (incl. rollovers in) | $16,580,335 |
| Administrative expenses paid from the plan | $2,312,514 |
| Investment advisory & management fees | $1,640,913 |
| Benefits paid out | $127,896,813 |
| Net assets, start / end of year | $1.4B / $1.6B |
| Active participants, start / end of year | 16,817 / 17,126 |
| Participants with account balances | 16,233 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz, Sapper & Miller, LLP |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $1,534,150 reported compensation |
| Empower Annuity Insurance Company O | $648,051 reported compensation |
| Fiducient Advisors LLC | $106,764 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013135815NAL0000682739001, received 2025-10-13, EIN 35-0983617, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.