Sun Health Employee Services, LLC. 401(k) Review & Grade
Sun Health Employee Services 401(k) Plan
Surprise, AZHealth Care & Social Assistance742 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,447Employer $ per active participant
$2,788Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$14.2MNet plan assets, end of year
$19,989Average balance per account
Score breakdown
- Employer generosity30.2 / 5060th percentile for employer $ per participant
- Low cost4.1 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 17th |
| Employee saving | 54th |
| 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
- Sun Health Employee Services put in about $1,447 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.
- Direct plan expenses (0.62% 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 | $1,073,236 |
| Participant (employee) contributions | $2,067,569 |
| Other contributions (incl. rollovers in) | $668,969 |
| Administrative expenses paid from the plan | $77,413 |
| Investment advisory & management fees | $28,895 |
| Benefits paid out | $1,871,805 |
| Net assets, start / end of year | $10.9M / $14.2M |
| Active participants, start / end of year | 570 / 913 |
| Participants with account balances | 708 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $48,518 reported compensation |
| Cbiz Investment Advisory Services | $28,895 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930103220NAL0029099042001, received 2025-09-30, EIN 84-3319318, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.