Knight Health Holdings LLC D/B/A Scionhealth 401(k) Review & Grade
Scionhealth 401(k) Plan
Louisville, KYHealth Care & Social Assistance23,219 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$323Employer $ per active participant
$3,296Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$1.3BNet plan assets, end of year
$55,910Average balance per account
Score breakdown
- Employer generosity12.7 / 5025th percentile for employer $ per participant
- Low cost12.9 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1533th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 52th |
| Employee saving | 33th |
| Peers that auto-enroll | 52% |
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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
- Knight Health Holdings LLC D/B/A Scionhealth put in about $323 per active participant, below the typical peer ($2,086). 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 | $7,506,717 |
| Participant (employee) contributions | $76,541,347 |
| Other contributions (incl. rollovers in) | $7,730,609 |
| Administrative expenses paid from the plan | $1,052,447 |
| Benefits paid out | $156,044,954 |
| Net assets, start / end of year | $1.2B / $1.3B |
| Active participants, start / end of year | 23,753 / 22,685 |
| Participants with account balances | 23,538 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| T. Rowe Price | $851,992 reported compensation |
| World Investment Advisors LLC | $62,500 reported compensation |
| Iron Capital Advisors | $44,692 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010131533NAL0004276499001, received 2025-10-10, EIN 87-1658585, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.