Noland Health Services, Inc. 401(k) Review & Grade
Noland Health Services 401k Plan
Birmingham, ALHealth Care & Social Assistance791 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$520Employer $ per active participant
$1,647Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$8.4MNet plan assets, end of year
$8,500Average balance per account
Score breakdown
- Employer generosity18.0 / 5036th percentile for employer $ per participant
- Low cost7.7 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 31th |
| Employee saving | 36th |
| Peers that auto-enroll | 36% |
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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Noland Health Services put in about $520 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 (0.39% 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 | $411,294 |
| Participant (employee) contributions | $1,302,948 |
| Other contributions (incl. rollovers in) | $98,727 |
| Administrative expenses paid from the plan | $30,224 |
| Contract administrator fees | $30,224 |
| Benefits paid out | $1,229,216 |
| Net assets, start / end of year | $7.0M / $8.4M |
| Active participants, start / end of year | 752 / 830 |
| Participants with account balances | 984 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Warren Averett, LLC |
Largest service providers (Schedule C)
| Principal Life Insurance | $30,734 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915085034NAL0000587443001, received 2025-09-15, EIN 63-0308739, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.