South Carolina Episcopal Home at Still Hopes 401(k) Review & Grade
South Carolina Episcopal Home at Still Hopes 401(k) Plan
West Columbia, SCHealth Care & Social Assistance658 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$776Employer $ per active participant
$1,505Employee $ saved per active participant
1.00%Direct admin cost, % of plan assets
$8.6MNet plan assets, end of year
$25,403Average balance per account
Score breakdown
- Employer generosity22.3 / 5045th percentile for employer $ per participant
- Low cost1.6 / 256th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1533th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 6th |
| Employee saving | 33th |
| Peers that auto-enroll | 36% |
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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
- South Carolina Episcopal Home at Still Hopes put in about $776 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (1.00% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $510,543 |
| Participant (employee) contributions | $989,644 |
| Other contributions (incl. rollovers in) | $143,283 |
| Administrative expenses paid from the plan | $81,782 |
| Contract administrator fees | $40,039 |
| Other admin expenses | $41,743 |
| Benefits paid out | $1,499,133 |
| Net assets, start / end of year | $7.7M / $8.6M |
| Active participants, start / end of year | 660 / 655 |
| Participants with account balances | 340 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Anchor Investment Management | $35,119 reported compensation |
| John Hancock Life Insurance Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015125941NAL0004914433001, received 2025-10-15, EIN 57-0175068, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.