Monogram Health, Inc. 401(k) Review & Grade
Monogram Health, Inc. 401(k) Plan
Brentwood, TNHealth Care & Social Assistance991 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,319Employer $ per active participant
$4,468Employee $ saved per active participant
1.16%Direct admin cost, % of plan assets
$14.9MNet plan assets, end of year
$22,337Average balance per account
Score breakdown
- Employer generosity37.8 / 5076th percentile for employer $ per participant
- Low cost1.2 / 255th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1573th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score50 / 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 | 76th |
| Lower admin cost | 5th |
| Employee saving | 73th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,961 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Monogram Health put in about $2,319 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.
- Direct plan expenses (1.16% 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 | $2,298,538 |
| Participant (employee) contributions | $4,427,509 |
| Other contributions (incl. rollovers in) | $2,095,080 |
| Administrative expenses paid from the plan | $123,351 |
| Investment advisory & management fees | $33,644 |
| Benefits paid out | $1,414,574 |
| Net assets, start / end of year | $6.4M / $14.9M |
| Active participants, start / end of year | 652 / 1,330 |
| Participants with account balances | 666 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Earnst and Young |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $89,707 reported compensation |
| Gallagher Fiduciary Advisors LLC | $30,626 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003152625NAL0001564577001, received 2025-10-03, EIN 83-3175157, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.