Nuvance Health 401(k) Review & Grade
Nuvance Health 401(k) Retirement Savings Plan
Danbury, CTHealth Care & Social Assistance10,338 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,500Employer $ per active participant
$9,131Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$101,300Average balance per account
Score breakdown
- Employer generosity49.1 / 5098th percentile for employer $ per participant
- Low cost12.4 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 49th |
| Employee saving | 97th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $252,803 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nuvance Health put in about $5,500 per active participant, more than the typical peer ($2,086). 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 | $56,854,168 |
| Participant (employee) contributions | $94,396,712 |
| Other contributions (incl. rollovers in) | $14,104,383 |
| Administrative expenses paid from the plan | $988,126 |
| Contract administrator fees | $2,400 |
| Investment advisory & management fees | $176,215 |
| Other admin expenses | $48,684 |
| Benefits paid out | $89,098,468 |
| Net assets, start / end of year | $1.0B / $1.2B |
| Active participants, start / end of year | 10,293 / 10,383 |
| Participants with account balances | 12,214 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fid Inv Intl Ops Co | $763,277 reported compensation |
| Strategic Advisors, Inc | $176,215 reported compensation |
| Gyl Financial Synergies | $48,684 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015193624NAL0005744705001, received 2025-10-15, EIN 83-4214573, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.