Rosecrance Health Network 401(k) Review & Grade
Rosecrance 401(k) Savings Plan
Rockford, ILHealth Care & Social Assistance643 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,264Employer $ per active participant
$3,936Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$54.0MNet plan assets, end of year
$52,515Average balance per account
Score breakdown
- Employer generosity42.1 / 5084th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 53th |
| Employee saving | 68th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Rosecrance Health Network put in about $3,264 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.
- 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 | $2,099,019 |
| Participant (employee) contributions | $2,530,997 |
| Other contributions (incl. rollovers in) | $60,760 |
| Administrative expenses paid from the plan | $104,569 |
| Benefits paid out | $3,130,484 |
| Net assets, start / end of year | $46.0M / $54.0M |
| Active participants, start / end of year | 634 / 652 |
| Participants with account balances | 1,029 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services LLC | $104,569 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015100555NAL0005900000001, received 2025-10-15, EIN 36-3874007, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.