Hutsonwood, Inc. 401(k) Review & Grade
Hutsonwood, Inc. 401(k) Plan
Nashville, TNHealth Care & Social Assistance792 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$640Employer $ per active participant
$1,150Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$7.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity20.2 / 5040th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 61th |
| Employee saving | 26th |
| 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
- Hutsonwood put in about $640 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.
- 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 | $507,031 |
| Participant (employee) contributions | $910,514 |
| Other contributions (incl. rollovers in) | $14,737 |
| Administrative expenses paid from the plan | $9,849 |
| Benefits paid out | $312,776 |
| Net assets, start / end of year | $5.1M / $7.0M |
| Active participants, start / end of year | 720 / 864 |
| Participants with account balances | 247 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Carr, Riggs & Ingram, LLC |
Largest service providers (Schedule C)
| Old National Bank | $9,849 reported compensation |
| Charles Schwab & Co., Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010084442NAL0012666912001, received 2025-10-10, EIN 45-2449379, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.