Nevada Health Centers, Inc. 401(k) Review & Grade
Nevada Health Centers, Inc. Retirement Plan
Carson City, NVHealth Care & Social Assistance530 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,003Employer $ per active participant
$3,418Employee $ saved per active participant
0.56%Direct admin cost, % of plan assets
$23.0MNet plan assets, end of year
$36,925Average balance per account
Score breakdown
- Employer generosity25.5 / 5051th percentile for employer $ per participant
- Low cost5.0 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 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 | 51th |
| Lower admin cost | 20th |
| Employee saving | 61th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,167 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nevada Health Centers put in about $1,003 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 (0.56% 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.
- 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 | $531,836 |
| Participant (employee) contributions | $1,813,094 |
| Other contributions (incl. rollovers in) | $52,245 |
| Administrative expenses paid from the plan | $119,149 |
| Investment advisory & management fees | $39,495 |
| Benefits paid out | $1,670,967 |
| Net assets, start / end of year | $19.9M / $23.0M |
| Active participants, start / end of year | 522 / 539 |
| Participants with account balances | 623 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | JWT & Associates LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $79,654 reported compensation |
| Swbc Investment Advisory Serv LLC D | $31,000 reported compensation |
| Empower Advisory Group, LLC | $8,495 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250725185026NAL0015612930001, received 2025-07-25, EIN 94-3199117, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.