Infirmary Health System, Inc. 401(k) Review & Grade
The Infirmary 401(k) Plan
Mobile, ALHealth Care & Social Assistance5,908 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,979Employer $ per active participant
$3,289Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$372.2MNet plan assets, end of year
$68,553Average balance per account
Score breakdown
- Employer generosity34.7 / 5069th percentile for employer $ per participant
- Low cost10.0 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 40th |
| Employee saving | 54th |
| 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
- Infirmary Health System put in about $1,979 per active participant, more than the typical peer ($800). 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 | $11,694,179 |
| Participant (employee) contributions | $19,433,251 |
| Other contributions (incl. rollovers in) | $2,086,040 |
| Administrative expenses paid from the plan | $606,362 |
| Contract administrator fees | $4,940 |
| Investment advisory & management fees | $14,210 |
| Other admin expenses | $550 |
| Benefits paid out | $31,253,299 |
| Net assets, start / end of year | $335.5M / $372.2M |
| Active participants, start / end of year | 5,771 / 6,046 |
| Participants with account balances | 5,430 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Black & Pinckard LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $571,542 reported compensation |
| Andco Consulting LLC | $14,210 reported compensation |
| Mariner Institutional LLC | $14,210 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250902143015NAL0029840242001, received 2025-09-02, EIN 63-0841123, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.