Mclaren Health Care Corp. 401(k) Review & Grade
Mclaren Employees' 401(k) Retirement Plan
Grand Blanc, MIHealth Care & Social Assistance756 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,065Employer $ per active participant
$3,546Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$54.3MNet plan assets, end of year
$56,724Average balance per account
Score breakdown
- Employer generosity35.8 / 5072th percentile for employer $ per participant
- Low cost20.8 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1562th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 83th |
| Employee saving | 62th |
| 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
- Mclaren Health Care put in about $2,065 per active participant, more than the typical peer ($976). 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.
- 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 | $1,560,242 |
| Participant (employee) contributions | $2,679,252 |
| Other contributions (incl. rollovers in) | $137,730 |
| Administrative expenses paid from the plan | $33,697 |
| Benefits paid out | $6,024,316 |
| Net assets, start / end of year | $49.9M / $54.3M |
| Active participants, start / end of year | 757 / 754 |
| Participants with account balances | 957 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante Moran |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $39,368 reported compensation |
| Empower Advisory Group, LLC | $4,037 reported compensation |
| Mclaren Health Care Corporation DBA | $3,647 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250903150804NAL0015502625001, received 2025-09-03, EIN 38-2397643, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.