Pathways, Inc. 401(k) Review & Grade
Pathways, Inc. 401(k) Profit Sharing Plan
Ashland, KYHealth Care & Social Assistance678 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,225Employer $ per active participant
$1,785Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$28.7MNet plan assets, end of year
$44,810Average balance per account
Score breakdown
- Employer generosity37.2 / 5074th percentile for employer $ per participant
- Low cost10.1 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1538th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 40th |
| Employee saving | 38th |
| 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
- Pathways put in about $2,225 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 | $1,509,783 |
| Participant (employee) contributions | $1,210,892 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $81,412 |
| Contract administrator fees | $81,412 |
| Benefits paid out | $1,974,504 |
| Net assets, start / end of year | $25.3M / $28.7M |
| Active participants, start / end of year | 689 / 668 |
| Participants with account balances | 641 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Griffith, Delaney, Hillman, & Lett |
Largest service providers (Schedule C)
| Trinity Pension Consultants Inc | $37,378 reported compensation |
| Empower Annuity Insurance Company | $35,742 reported compensation |
| Morgan Stanley Smith Barney LLC | $12,418 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013164917NAL0001622081001, received 2025-10-13, EIN 61-0661987, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.