Flatiron Health, Inc. 401(k) Review & Grade
Flatiron Health, Inc. Retirement Trust
New York, NYProfessional, Scientific & Technical Services1,436 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,253Employer $ per active participant
$10,959Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$138.1MNet plan assets, end of year
$91,391Average balance per account
Score breakdown
- Employer generosity18.5 / 5037th percentile for employer $ per participant
- Low cost23.1 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 92th |
| Employee saving | 67th |
| Peers that auto-enroll | 48% |
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
Corrective distributions: the plan refunded $8,312 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Flatiron Health put in about $2,253 per active participant, below the typical peer ($3,082). 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.
- 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 | $3,234,374 |
| Participant (employee) contributions | $15,731,358 |
| Other contributions (incl. rollovers in) | $1,907,180 |
| Administrative expenses paid from the plan | $40,920 |
| Investment advisory & management fees | $34,270 |
| Benefits paid out | $11,471,182 |
| Net assets, start / end of year | $110.2M / $138.1M |
| Active participants, start / end of year | 1,067 / 1,804 |
| Participants with account balances | 1,511 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen, LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $34,270 reported compensation |
| Fidelity Investments Institutional | $6,650 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926140819NAL0010961856001, received 2025-09-26, EIN 45-5527155, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.