Insight Chicago, Inc. DBA Insight Chicago Hospital 401(k) Review & Grade
Insight Chicago 401(k) Plan
Chicago, ILHealth Care & Social Assistance732 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$827Employer $ per active participant
$1,201Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$8.1MNet plan assets, end of year
$13,324Average balance per account
Score breakdown
- Employer generosity23.1 / 5046th percentile for employer $ per participant
- Low cost13.5 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1527th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 54th |
| Employee saving | 27th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $14,654 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Insight Chicago, Inc. DBA Insight Chicago Hospital put in about $827 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $605,646 |
| Participant (employee) contributions | $879,388 |
| Other contributions (incl. rollovers in) | $12,204 |
| Administrative expenses paid from the plan | $13,446 |
| Investment advisory & management fees | $6,116 |
| Benefits paid out | $317,225 |
| Net assets, start / end of year | $5.1M / $8.1M |
| Active participants, start / end of year | 706 / 758 |
| Participants with account balances | 608 |
| Auto-enrollment (feature code 2S) | Yes |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $7,330 reported compensation |
| NFP Retirement Inc | $6,098 reported compensation |
| Empower Advisory Group, LLC | $18 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015131056NAL0002461779001, received 2025-10-15, EIN 86-2358048, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.