Piedmont Healthcare, Inc. 401(k) Review & Grade
Piedmont Healthcare, Inc. 401(k) Tomorrowplan
Atlanta, GAHealth Care & Social Assistance34,888 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,077Employer $ per active participant
$5,171Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$2.9BNet plan assets, end of year
$63,402Average balance per account
Score breakdown
- Employer generosity33.3 / 5067th percentile for employer $ per participant
- Low cost15.0 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 60th |
| Employee saving | 59th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,709 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Piedmont Healthcare put in about $3,077 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.
- 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 | $107,367,169 |
| Participant (employee) contributions | $180,419,116 |
| Other contributions (incl. rollovers in) | $56,716,023 |
| Administrative expenses paid from the plan | $1,776,005 |
| Contract administrator fees | $1,800 |
| Investment advisory & management fees | $128,116 |
| Other admin expenses | $130,659 |
| Benefits paid out | $201,757,625 |
| Net assets, start / end of year | $2.4B / $2.9B |
| Active participants, start / end of year | 33,958 / 35,819 |
| Participants with account balances | 45,125 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frazier & Deeter |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $1,628,635 reported compensation |
| Aon Investments USA Inc. | $128,116 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917135408NAL0000415969001, received 2025-09-17, EIN 58-1503902, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.