Sentara Holdings, Inc. 401(k) Review & Grade
Sentara 401(k) Savings Plan
Virginia Beach, VAHealth Care & Social Assistance4,038 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,330Employer $ per active participant
$8,222Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$435.4MNet plan assets, end of year
$78,403Average balance per account
Score breakdown
- Employer generosity37.6 / 5075th percentile for employer $ per participant
- Low cost16.4 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score75 / 100 · Grade A
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 | 66th |
| Employee saving | 93th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,325 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sentara Holdings put in about $2,330 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.
- 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 | $9,406,759 |
| Participant (employee) contributions | $33,199,303 |
| Other contributions (incl. rollovers in) | $2,735,291 |
| Administrative expenses paid from the plan | $287,945 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $96,151 |
| Benefits paid out | $32,843,006 |
| Net assets, start / end of year | $318.8M / $435.4M |
| Active participants, start / end of year | 4,124 / 3,952 |
| Participants with account balances | 5,553 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pbmares, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $209,755 reported compensation |
| Strategic Advisors, Inc. | $79,601 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015122155NAL0009557490001, received 2025-10-15, EIN 54-1555638, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.