North Platte, Nebraska Hospital Corp. D/B/A Great Plains Health 401(k) Review & Grade
Great Plains Health 401(k) Retirement Plan
North Platte, NEHealth Care & Social Assistance1,146 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,198Employer $ per active participant
$7,016Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$164.5MNet plan assets, end of year
$103,468Average balance per account
Score breakdown
- Employer generosity41.9 / 5084th percentile for employer $ per participant
- Low cost18.4 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 74th |
| Employee saving | 93th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $529 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- North Platte, Nebraska Hospital Corp. D/B/A Great Plains Health put in about $3,198 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 | $3,664,438 |
| Participant (employee) contributions | $8,040,347 |
| Other contributions (incl. rollovers in) | $935,902 |
| Administrative expenses paid from the plan | $157,567 |
| Other admin expenses | $157,567 |
| Benefits paid out | $12,679,271 |
| Net assets, start / end of year | $144.7M / $164.5M |
| Active participants, start / end of year | 1,122 / 1,170 |
| Participants with account balances | 1,590 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $132,599 reported compensation |
| Vanguard Advisers Inc. | $24,968 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013101502NAL0000466099001, received 2025-10-13, EIN 47-0662290, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.