Sonic Healthcare USA, Inc. 401(k) Review & Grade
Sonic Healthcare USA Savings Plan
Austin, TXHealth Care & Social Assistance8,711 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,522Employer $ per active participant
$3,569Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$587.8MNet plan assets, end of year
$98,440Average balance per account
Score breakdown
- Employer generosity31.2 / 5062th percentile for employer $ per participant
- Low cost15.7 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1557th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 63th |
| Employee saving | 57th |
| 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
Corrective distributions: the plan refunded $13,273 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sonic Healthcare USA put in about $1,522 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 | $13,261,753 |
| Participant (employee) contributions | $31,092,966 |
| Other contributions (incl. rollovers in) | $4,417,058 |
| Administrative expenses paid from the plan | $460,135 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $128,764 |
| Benefits paid out | $63,190,193 |
| Net assets, start / end of year | $521.3M / $587.8M |
| Active participants, start / end of year | 7,878 / 9,544 |
| Participants with account balances | 5,971 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $266,011 reported compensation |
| Strategic Advisors, Inc. | $68,764 reported compensation |
| Gallagher Benefit Services, Inc | $60,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008145240NAL0005720865001, received 2025-10-08, EIN 20-8907334, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.