Rehab Industries, Inc. 401(k) Review & Grade
Rehab Industries, Inc. 401(k) Plan
Indianapolis, INHealth Care & Social Assistance782 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,375Employer $ per active participant
$3,042Employee $ saved per active participant
0.69%Direct admin cost, % of plan assets
$20.1MNet plan assets, end of year
$40,728Average balance per account
Score breakdown
- Employer generosity29.4 / 5059th percentile for employer $ per participant
- Low cost3.4 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1557th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 13th |
| Employee saving | 57th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($630,951 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $50,335 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Rehab Industries put in about $1,375 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.
- Direct plan expenses (0.69% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,075,320 |
| Participant (employee) contributions | $2,378,504 |
| Other contributions (incl. rollovers in) | $431,979 |
| Administrative expenses paid from the plan | $120,906 |
| Contract administrator fees | $2,235 |
| Investment advisory & management fees | $51,637 |
| Benefits paid out | $907,724 |
| Net assets, start / end of year | $15.1M / $20.1M |
| Active participants, start / end of year | 664 / 900 |
| Participants with account balances | 493 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Blue & Co., LLC |
Largest service providers (Schedule C)
| Fidelity Workplace Services LLC | $54,019 reported compensation |
| Northwestern Mutual Wealth Mgmt Co | $51,637 reported compensation |
| Blue & Co, LLC | $15,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922085455NAL0005793824001, received 2025-09-22, EIN 84-4314459, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.