Salina Regional Health Center 401(k) Review & Grade
Salina Regional Health Center 401(k) Plan
Salina, KSHealth Care & Social Assistance2,518 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,321Employer $ per active participant
$3,895Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$193.1MNet plan assets, end of year
$61,399Average balance per account
Score breakdown
- Employer generosity37.5 / 5075th percentile for employer $ per participant
- Low cost8.2 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
Total score62 / 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 | 75th |
| Lower admin cost | 33th |
| Employee saving | 61th |
| Peers that auto-enroll | 38% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Salina Regional Health Center put in about $2,321 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 (0.21% 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.
- 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 | $5,846,545 |
| Participant (employee) contributions | $9,810,514 |
| Other contributions (incl. rollovers in) | $739,310 |
| Administrative expenses paid from the plan | $390,988 |
| Investment advisory & management fees | $37,250 |
| Benefits paid out | $17,254,449 |
| Net assets, start / end of year | $175.8M / $193.1M |
| Active participants, start / end of year | 2,537 / 2,500 |
| Participants with account balances | 3,145 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $353,738 reported compensation |
| Eide Bailly LLP | $35,125 reported compensation |
| Larson Financial Group LLC | $2,024 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014162809NAL0006862498001, received 2025-10-14, EIN 48-1169103, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.