Concept Rehab, Inc. 401(k) Review & Grade
Concept Rehab, Inc. 401(k) Plan
Toledo, OHHealth Care & Social Assistance570 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$332Employer $ per active participant
$3,542Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$31.7MNet plan assets, end of year
$46,431Average balance per account
Score breakdown
- Employer generosity13.8 / 5028th percentile for employer $ per participant
- Low cost8.9 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score42 / 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 | 28th |
| Lower admin cost | 36th |
| Employee saving | 62th |
| 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
- Concept Rehab put in about $332 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.
- 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 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 | $189,160 |
| Participant (employee) contributions | $2,018,892 |
| Other contributions (incl. rollovers in) | $207,486 |
| Administrative expenses paid from the plan | $104,614 |
| Contract administrator fees | $65,546 |
| Investment advisory & management fees | $39,068 |
| Benefits paid out | $3,215,772 |
| Net assets, start / end of year | $29.1M / $31.7M |
| Active participants, start / end of year | 563 / 577 |
| Participants with account balances | 683 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | William Vaughan Company |
Largest service providers (Schedule C)
| Stancorp Financial Group | $67,733 reported compensation |
| Venture Visionary Partners LLC | $39,068 reported compensation |
| Charles Schwab Trust Bank | $11,258 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250911100922NAL0000561296001, received 2025-09-11, EIN 34-1411603, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.