Health Care Management Group 401(k) Review & Grade
Health Care Management Group Retirement Plan
Cincinnati, OHHealth Care & Social Assistance872 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$71Employer $ per active participant
$949Employee $ saved per active participant
0.73%Direct admin cost, % of plan assets
$11.6MNet plan assets, end of year
$21,807Average balance per account
Score breakdown
- Employer generosity6.7 / 5013th percentile for employer $ per participant
- Low cost3.0 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 12th |
| Employee saving | 21th |
| 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
- Health Care Management Group put in about $71 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.
- Direct plan expenses (0.73% 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.
- 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 | $61,690 |
| Participant (employee) contributions | $826,837 |
| Other contributions (incl. rollovers in) | $52,984 |
| Administrative expenses paid from the plan | $83,226 |
| Other admin expenses | $83,226 |
| Benefits paid out | $2,353,622 |
| Net assets, start / end of year | $11.2M / $11.6M |
| Active participants, start / end of year | 873 / 870 |
| Participants with account balances | 531 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clark, Schaefer, Hackett & Co. |
Largest service providers (Schedule C)
| Onedigital Investment Advisors | $29,931 reported compensation |
| John Hancock Life Insurance Company | $10,828 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015160415NAL0002599075001, received 2025-10-15, EIN 31-1372417, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.