Conway Regional Medical Center 401(k) Review & Grade
Conway Regional Medical Center Retirement Income Plan · d/b/a Conway Regional Health System
Conway, ARHealth Care & Social Assistance1,774 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,149Employer $ per active participant
$4,691Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$104.2MNet plan assets, end of year
$40,576Average balance per account
Score breakdown
- Employer generosity36.4 / 5073th percentile for employer $ per participant
- Low cost15.4 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score56 / 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 | 73th |
| Lower admin cost | 62th |
| Employee saving | 75th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Conway Regional Medical Center put in about $2,149 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.
- 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 | $3,811,549 |
| Participant (employee) contributions | $8,318,827 |
| Other contributions (incl. rollovers in) | $842,061 |
| Administrative expenses paid from the plan | $152,205 |
| Investment advisory & management fees | $66,597 |
| Benefits paid out | $7,570,310 |
| Net assets, start / end of year | $87.7M / $104.2M |
| Active participants, start / end of year | 1,468 / 2,079 |
| Participants with account balances | 2,568 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $85,608 reported compensation |
| Gutierrez Wealth Advisory LLC | $66,597 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015080542NAL0002089171001, received 2025-10-15, EIN 71-0249735, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.