Hartford Healthcare Corporation 401(k) Review & Grade
Hartford Healthcare 401(k) Retirement Plan
Farmington, CTHealth Care & Social Assistance28,296 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,349Employer $ per active participant
$7,255Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$2.9BNet plan assets, end of year
$80,966Average balance per account
Score breakdown
- Employer generosity48.2 / 5096th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving13.7 / 1591th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 47th |
| Employee saving | 91th |
| Peers that auto-enroll | 52% |
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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
- Hartford Healthcare put in about $5,349 per active participant, more than the typical peer ($2,086). 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 | $151,367,939 |
| Participant (employee) contributions | $205,297,180 |
| Other contributions (incl. rollovers in) | $30,547,569 |
| Administrative expenses paid from the plan | $2,413,204 |
| Contract administrator fees | $4,200 |
| Investment advisory & management fees | $692,265 |
| Other admin expenses | $165,437 |
| Benefits paid out | $179,981,009 |
| Net assets, start / end of year | $2.3B / $2.9B |
| Active participants, start / end of year | 27,517 / 29,076 |
| Participants with account balances | 35,390 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Fiondella, Milone & Lasaracina LLP |
Largest service providers (Schedule C)
| Fid Inv Inst Ops Co | $1,550,655 reported compensation |
| Strategic Advisors, Inc. | $692,265 reported compensation |
| Willis Towers Watson | $85,617 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007120009NAL0002645763001, received 2025-10-07, EIN 22-2672834, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.