H2 Holdco, Inc. DBA H2health 401(k) Review & Grade
H2 Health 401(k) Plan
Jacksonville, FLHealth Care & Social Assistance2,468 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$390Employer $ per active participant
$1,558Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$19.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity14.8 / 5030th percentile for employer $ per participant
- Low cost16.6 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score30 / 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 | 30th |
| Lower admin cost | 67th |
| Employee saving | 34th |
| 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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($700 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
- H2 Holdco, Inc. DBA H2health put in about $390 per active participant, below the typical peer ($976). 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.
- 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 | $962,118 |
| Participant (employee) contributions | $3,845,215 |
| Other contributions (incl. rollovers in) | $3,151,296 |
| Administrative expenses paid from the plan | $19,383 |
| Investment advisory & management fees | $15,323 |
| Benefits paid out | $616,876 |
| Net assets, start / end of year | $9.9M / $19.1M |
| Active participants, start / end of year | 1,915 / 3,020 |
| Participants with account balances | 1,106 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bernard Robinson & Company LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $15,323 reported compensation |
| Fidelity Investments Institutional | $4,060 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015090318NAL0004398961001, received 2025-10-15, EIN 84-3226050, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.