Sibley Memorial Hospital 401(k) Review & Grade
Sibley Memorial Hospital 401(k) Plan
Washington, DCHealth Care & Social Assistance2,145 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,754Employer $ per active participant
$5,537Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$228.5MNet plan assets, end of year
$79,944Average balance per account
Score breakdown
- Employer generosity40.4 / 5081th percentile for employer $ per participant
- Low cost16.6 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 66th |
| Employee saving | 84th |
| Peers that auto-enroll | 36% |
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
Corrective distributions: the plan refunded $34 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sibley Memorial Hospital put in about $2,754 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.
- 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 | $5,908,147 |
| Participant (employee) contributions | $11,876,474 |
| Other contributions (incl. rollovers in) | $2,071,099 |
| Administrative expenses paid from the plan | $290,424 |
| Contract administrator fees | $263,881 |
| Investment advisory & management fees | $15,833 |
| Benefits paid out | $21,382,468 |
| Net assets, start / end of year | $204.8M / $228.5M |
| Active participants, start / end of year | 2,051 / 2,239 |
| Participants with account balances | 2,858 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | SB Comapny |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $263,881 reported compensation |
| Creative Planning | $15,833 reported compensation |
| SB & Company,llc | $10,710 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015094332NAL0004212209001, received 2025-10-15, EIN 53-0196602, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.