Confluence Health 401(k) Review & Grade
Confluence Health 401(k) Plan
Wenatchee, WAHealth Care & Social Assistance3,638 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,187Employer $ per active participant
$7,285Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$697.1MNet plan assets, end of year
$152,408Average balance per account
Score breakdown
- Employer generosity44.4 / 5089th percentile for employer $ per participant
- Low cost16.9 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1589th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score72 / 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 | 89th |
| Lower admin cost | 68th |
| Employee saving | 89th |
| 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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($896,403 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $3,084 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Confluence Health put in about $4,187 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $15,232,024 |
| Participant (employee) contributions | $26,499,629 |
| Other contributions (incl. rollovers in) | $4,727,725 |
| Administrative expenses paid from the plan | $478,402 |
| Contract administrator fees | $44,833 |
| Investment advisory & management fees | $210,863 |
| Benefits paid out | $65,955,934 |
| Net assets, start / end of year | $627.0M / $697.1M |
| Active participants, start / end of year | 3,624 / 3,651 |
| Participants with account balances | 4,574 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eidebailly LLP |
Largest service providers (Schedule C)
| Fid Inv Instl Ops Co | $220,085 reported compensation |
| Strategic Advisors | $210,863 reported compensation |
| Wurts Associates | $43,333 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015164421NAL0006810112001, received 2025-10-15, EIN 91-0647181, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.