Rogers Memorial Hospital, Inc 401(k) Review & Grade
Rogers Memorial Hospital, Inc. 401(k) Plan
Oconomowoc, WIHealth Care & Social Assistance2,808 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,544Employer $ per active participant
$4,452Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$145.6MNet plan assets, end of year
$36,231Average balance per account
Score breakdown
- Employer generosity38.9 / 5078th percentile for employer $ per participant
- Low cost6.2 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 25th |
| Employee saving | 65th |
| Peers that auto-enroll | 38% |
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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 ($426,276 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Rogers Memorial Hospital put in about $2,544 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.
- Direct plan expenses (0.28% of assets) are well above similar-size plans (0.12%). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $7,143,578 |
| Participant (employee) contributions | $12,500,235 |
| Other contributions (incl. rollovers in) | $2,230,363 |
| Administrative expenses paid from the plan | $384,609 |
| Contract administrator fees | $320,764 |
| Investment advisory & management fees | $63,845 |
| Benefits paid out | $22,130,109 |
| Net assets, start / end of year | $128.3M / $145.6M |
| Active participants, start / end of year | 2,877 / 2,738 |
| Participants with account balances | 4,020 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $320,764 reported compensation |
| Marquette Associates Inc. | $56,250 reported compensation |
| Charles Schwab & Co., Inc. | $284 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251216090651NAL0001262227001, received 2025-12-16, EIN 39-1139101, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.