Hazelden Betty Ford Foundation 401(k) Review & Grade
Hazelden Betty Ford Foundation Retirement Savings Plan
Center City, MNHealth Care & Social Assistance1,656 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,494Employer $ per active participant
$4,878Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$139.4MNet plan assets, end of year
$72,675Average balance per account
Score breakdown
- Employer generosity30.9 / 5062th percentile for employer $ per participant
- Low cost17.6 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score70 / 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 | 62th |
| Lower admin cost | 70th |
| Employee saving | 78th |
| 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
- Hazelden Betty Ford Foundation put in about $1,494 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 | $2,473,274 |
| Participant (employee) contributions | $8,078,628 |
| Other contributions (incl. rollovers in) | $1,829,642 |
| Administrative expenses paid from the plan | $158,094 |
| Contract administrator fees | $158,094 |
| Benefits paid out | $22,960,582 |
| Net assets, start / end of year | $134.8M / $139.4M |
| Active participants, start / end of year | 1,654 / 1,658 |
| Participants with account balances | 1,918 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $158,094 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003153113NAL0001570897001, received 2025-10-03, EIN 41-0682405, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.