Renown Health 401(k) Review & Grade
Renown Health Retirement Savings Plan
Reno, NVHealth Care & Social Assistance5,064 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,937Employer $ per active participant
$7,592Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$713.3MNet plan assets, end of year
$104,242Average balance per account
Score breakdown
- Employer generosity43.9 / 5088th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1589th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score71 / 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 | 88th |
| Lower admin cost | 53th |
| Employee saving | 89th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $17,232 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Renown Health put in about $3,937 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 | $19,935,442 |
| Participant (employee) contributions | $38,444,257 |
| Other contributions (incl. rollovers in) | $4,656,601 |
| Administrative expenses paid from the plan | $761,514 |
| Other admin expenses | $761,514 |
| Benefits paid out | $53,476,877 |
| Net assets, start / end of year | $622.6M / $713.3M |
| Active participants, start / end of year | 4,718 / 5,409 |
| Participants with account balances | 6,843 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $389,872 reported compensation |
| The Vanguard Group, Inc. | $389,812 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916163254NAL0002166561001, received 2025-09-16, EIN 94-2972845, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.