Malvern Health, Inc. 401(k) Review & Grade
Malvern Health 401(k) Plan
Blue Bell, PAHealth Care & Social Assistance524 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$194Employer $ per active participant
$1,479Employee $ saved per active participant
0.90%Direct admin cost, % of plan assets
$6.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.6 / 5021th percentile for employer $ per participant
- Low cost2.0 / 258th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1533th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 8th |
| Employee saving | 33th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $14,928 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Malvern Health put in about $194 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.
- Direct plan expenses (0.90% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $101,608 |
| Participant (employee) contributions | $774,484 |
| Other contributions (incl. rollovers in) | $268,316 |
| Administrative expenses paid from the plan | $48,601 |
| Contract administrator fees | $23,566 |
| Investment advisory & management fees | $25,035 |
| Benefits paid out | $384,968 |
| Net assets, start / end of year | $4.7M / $6.1M |
| Active participants, start / end of year | 486 / 561 |
| Participants with account balances | 242 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bacheler & Company |
Largest service providers (Schedule C)
| LPL Financial | $25,035 reported compensation |
| The Vanguard Group, Inc. | $23,566 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250829121109NAL0006198051001, received 2025-08-29, EIN 23-2027109, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.