NHS Management, LLC 401(k) Review & Grade
NHS Affiliated Companies 401(k) Profit Sharing Plan
Tuscaloosa, ALHealth Care & Social Assistance5,120 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$566Employer $ per active participant
$1,100Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$97.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity22.3 / 5045th percentile for employer $ per participant
- Low cost9.5 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 38th |
| Employee saving | 27th |
| Peers that auto-enroll | 38% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- NHS Management put in about $566 per active participant, below the typical peer ($800). 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 | $2,896,556 |
| Participant (employee) contributions | $5,632,171 |
| Other contributions (incl. rollovers in) | $627,364 |
| Administrative expenses paid from the plan | $166,662 |
| Investment advisory & management fees | $75,002 |
| Benefits paid out | $9,061,350 |
| Net assets, start / end of year | $86.2M / $97.2M |
| Active participants, start / end of year | 4,090 / 6,151 |
| Participants with account balances | 1,829 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Carr Riggs & Ingram, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $91,660 reported compensation |
| Regions Bank | $75,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918135435NAL0001927555001, received 2025-09-18, EIN 02-0646132, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.