North Shore Health Centers, Inc 401(k) Review & Grade
North Shore Health Centers 401(k) Plan
Portage, INHealth Care & Social Assistance510 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,924Employer $ per active participant
$3,748Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$18.4MNet plan assets, end of year
$43,932Average balance per account
Score breakdown
- Employer generosity34.9 / 5070th percentile for employer $ per participant
- Low cost13.6 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 54th |
| Employee saving | 65th |
| Peers that auto-enroll | 36% |
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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
- North Shore Health Centers put in about $1,924 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.
- 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 | $981,953 |
| Participant (employee) contributions | $1,913,206 |
| Other contributions (incl. rollovers in) | $570,047 |
| Administrative expenses paid from the plan | $32,609 |
| Benefits paid out | $1,164,773 |
| Net assets, start / end of year | $14.2M / $18.4M |
| Active participants, start / end of year | 494 / 527 |
| Participants with account balances | 418 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Capfinancial Partners LLC | $75,073 reported compensation |
| Voya Retirement Advisors, LLC | $23,146 reported compensation |
| Retirement Plan Concepts & Services | $7,702 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015105509NAL0005854688001, received 2025-10-15, EIN 35-2028588, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.