Gerald Champion Regional Medical 401(k) Review & Grade
Gerald Champion Regional Medical Center 401k Plan
Alamogordo, NMHealth Care & Social Assistance1,005 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,270Employer $ per active participant
$5,442Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$57.3MNet plan assets, end of year
$43,437Average balance per account
Score breakdown
- Employer generosity37.6 / 5075th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 35th |
| Employee saving | 83th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Gerald Champion Regional Medical put in about $2,270 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 (0.35% 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.
- 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 | $2,280,867 |
| Participant (employee) contributions | $5,469,655 |
| Other contributions (incl. rollovers in) | $360,774 |
| Administrative expenses paid from the plan | $195,545 |
| Investment advisory & management fees | $50,000 |
| Other admin expenses | $11,920 |
| Benefits paid out | $12,024,455 |
| Net assets, start / end of year | $54.0M / $57.3M |
| Active participants, start / end of year | 1,063 / 947 |
| Participants with account balances | 1,319 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Moss Adams LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $133,625 reported compensation |
| Ubs Financial Services Inc | $50,000 reported compensation |
| Ubs Financial Svcs Ins Agcy Inc | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260722114027NAL0009421347001, received 2026-07-22, EIN 85-0138775, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.