Sarah Bush Lincoln Health Center 401(k) Review & Grade
Sarah Bush Lincoln Health Center Employee Retirement Plan
Mattoon, ILHealth Care & Social Assistance3,296 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,787Employer $ per active participant
$5,894Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$344.1MNet plan assets, end of year
$92,509Average balance per account
Score breakdown
- Employer generosity33.3 / 5067th percentile for employer $ per participant
- Low cost20.2 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1580th 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 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 81th |
| Employee saving | 80th |
| Peers that auto-enroll | 38% |
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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
- Sarah Bush Lincoln Health Center put in about $1,787 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 | $5,891,138 |
| Participant (employee) contributions | $19,429,989 |
| Other contributions (incl. rollovers in) | $3,957,390 |
| Administrative expenses paid from the plan | $144,799 |
| Contract administrator fees | $600 |
| Other admin expenses | $300,609 |
| Benefits paid out | $24,355,962 |
| Net assets, start / end of year | $294.6M / $344.1M |
| Active participants, start / end of year | 3,157 / 3,436 |
| Participants with account balances | 3,720 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Blue Co LLC |
Largest service providers (Schedule C)
| First Mid Wealth Management | $300,610 reported compensation |
| Parker Poe Attorneys at Law | $8,608 reported compensation |
| Fidelity Investments Institutional | −$164,418 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015065420NAL0001951763001, received 2025-10-15, EIN 23-7098532, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.