Equitas Health 401(k) Review & Grade
Equitas Health 401(k) Plan and Profit Sharing Plan
Columbus, OHHealth Care & Social Assistance574 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,597Employer $ per active participant
$3,166Employee $ saved per active participant
0.80%Direct admin cost, % of plan assets
$17.9MNet plan assets, end of year
$21,473Average balance per account
Score breakdown
- Employer generosity31.9 / 5064th percentile for employer $ per participant
- Low cost2.5 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1558th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score40 / 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 | 64th |
| Lower admin cost | 10th |
| Employee saving | 58th |
| 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 ($50 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
- Equitas Health put in about $1,597 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.
- Direct plan expenses (0.80% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $916,689 |
| Participant (employee) contributions | $1,817,100 |
| Other contributions (incl. rollovers in) | $319,205 |
| Administrative expenses paid from the plan | $129,865 |
| Benefits paid out | $1,407,334 |
| Net assets, start / end of year | $14.4M / $17.9M |
| Active participants, start / end of year | 603 / 545 |
| Participants with account balances | 832 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Nationwide | $53,670 reported compensation |
| Onedigital Investment Advisors | $41,871 reported compensation |
| Newport Group, Inc. | $33,749 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015154802NAL0002578419001, received 2025-10-15, EIN 31-1126780, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.