Holston Medical Group, Inc. 401(k) Review & Grade
Holston Medical Group Retirement Plan
Minnetonka, MNHealth Care & Social Assistance1,191 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,787Employer $ per active participant
$5,468Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$147.1MNet plan assets, end of year
$106,990Average balance per account
Score breakdown
- Employer generosity40.5 / 5081th percentile for employer $ per participant
- Low cost9.5 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score66 / 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 | 81th |
| Lower admin cost | 38th |
| Employee saving | 83th |
| 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
- Holston Medical Group put in about $2,787 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.
- 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 | $3,318,737 |
| Participant (employee) contributions | $6,512,902 |
| Other contributions (incl. rollovers in) | $1,015,818 |
| Administrative expenses paid from the plan | $451,751 |
| Contract administrator fees | $71,878 |
| Investment advisory & management fees | $299,115 |
| Benefits paid out | $11,730,702 |
| Net assets, start / end of year | $132.9M / $147.1M |
| Active participants, start / end of year | 1,172 / 1,210 |
| Participants with account balances | 1,375 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Blackburn, Childers & Steagall, PLC |
Largest service providers (Schedule C)
| Integrity Capital Management | $299,115 reported compensation |
| Newport Group, Inc. | $106,960 reported compensation |
| Newport Trust Company | $45,676 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003124051NAL0001400257001, received 2025-10-03, EIN 62-1388079, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.