Fort Healthcare, Inc. 401(k) Review & Grade
Fort Healthcare, Inc. Savings Plan
Fort Atkinson, WIHealth Care & Social Assistance836 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,552Employer $ per active participant
$6,002Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$129.3MNet plan assets, end of year
$122,757Average balance per account
Score breakdown
- Employer generosity39.0 / 5078th percentile for employer $ per participant
- Low cost20.0 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 80th |
| Employee saving | 88th |
| Peers that auto-enroll | 36% |
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 $151 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fort Healthcare put in about $2,552 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.
- 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 | $2,132,518 |
| Participant (employee) contributions | $5,014,691 |
| Other contributions (incl. rollovers in) | $886,857 |
| Administrative expenses paid from the plan | $93,764 |
| Contract administrator fees | $93,764 |
| Benefits paid out | $12,730,513 |
| Net assets, start / end of year | $117.6M / $129.3M |
| Active participants, start / end of year | 848 / 823 |
| Participants with account balances | 1,053 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli, LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $93,763 reported compensation |
| Principal Securities Inc | $400 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009163542NAL0006914129001, received 2025-10-09, EIN 39-0286215, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.