Health Fitness Corporation 401(k) Review & Grade
Health Fitness Corporation 401(k) Savings Plan
Lake Forest, ILArts, Entertainment & Recreation1,105 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$526Employer $ per active participant
$3,836Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$79.7MNet plan assets, end of year
$71,461Average balance per account
Score breakdown
- Employer generosity16.5 / 5033th percentile for employer $ per participant
- Low cost19.1 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 77th |
| Employee saving | 78th |
| Peers that auto-enroll | 38% |
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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 Fitness put in about $526 per active participant, below the typical peer ($995). 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.
- 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 | $580,956 |
| Participant (employee) contributions | $4,239,193 |
| Other contributions (incl. rollovers in) | $332,872 |
| Administrative expenses paid from the plan | $69,529 |
| Investment advisory & management fees | $5,382 |
| Other admin expenses | $8,000 |
| Benefits paid out | $12,016,909 |
| Net assets, start / end of year | $75.7M / $79.7M |
| Active participants, start / end of year | 1,101 / 1,109 |
| Participants with account balances | 1,115 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $56,147 reported compensation |
| Willis Towers Watson US LLC | $8,000 reported compensation |
| Strategic Advisors, Inc. | $5,382 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250827101840NAL0004933075001, received 2025-08-27, EIN 41-1580506, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.