Phoenix Children's Hospital 401(k) Review & Grade
Phoenix Children's Hospital Section 401(k) Investment Plan
Phoenix, AZHealth Care & Social Assistance7,670 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,096Employer $ per active participant
$6,174Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$691.1MNet plan assets, end of year
$92,166Average balance per account
Score breakdown
- Employer generosity41.0 / 5082th percentile for employer $ per participant
- Low cost18.9 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1583th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 76th |
| Employee saving | 83th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,848 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Phoenix Children's Hospital put in about $3,096 per active participant, more than the typical peer ($800). 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 | $23,745,126 |
| Participant (employee) contributions | $47,353,910 |
| Other contributions (incl. rollovers in) | $9,384,629 |
| Administrative expenses paid from the plan | $349,094 |
| Other admin expenses | $49,796 |
| Benefits paid out | $47,608,574 |
| Net assets, start / end of year | $574.3M / $691.1M |
| Active participants, start / end of year | 7,282 / 8,058 |
| Participants with account balances | 7,498 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $299,499 reported compensation |
| Phoenix Children's Hospital | $49,796 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013165941NAL0003768386001, received 2025-10-13, EIN 86-0422559, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.