Silver Cross Hospital & Medical Centers 401(k) Review & Grade
Silver Cross Hospital & Medical Centers Employees' 401(k) Retirement Savings Plan
New Lenox, ILHealth Care & Social Assistance3,273 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,699Employer $ per active participant
$4,828Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$294.9MNet plan assets, end of year
$71,900Average balance per account
Score breakdown
- Employer generosity39.7 / 5079th percentile for employer $ per participant
- Low cost13.4 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1568th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score66 / 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 | 79th |
| Lower admin cost | 53th |
| Employee saving | 68th |
| 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
- Silver Cross Hospital & Medical Centers put in about $2,699 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 | $8,833,751 |
| Participant (employee) contributions | $15,801,063 |
| Other contributions (incl. rollovers in) | $2,689,125 |
| Administrative expenses paid from the plan | $310,049 |
| Investment advisory & management fees | $50,000 |
| Benefits paid out | $24,307,979 |
| Net assets, start / end of year | $259.1M / $294.9M |
| Active participants, start / end of year | 3,210 / 3,336 |
| Participants with account balances | 4,101 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Inst Op Co LLC | $218,152 reported compensation |
| Capital Strategy | $50,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014122839NAL0001344739001, received 2025-10-14, EIN 36-2174832, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.