Triwest Healthcare Alliance Corp 401(k) Review & Grade
Triwest Healthcare Alliance Corp 401(k) Plan
Phoenix, AZFinance & Insurance1,234 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,852Employer $ per active participant
$5,069Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$97.0MNet plan assets, end of year
$48,934Average balance per account
Score breakdown
- Employer generosity18.2 / 5036th percentile for employer $ per participant
- Low cost13.4 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 54th |
| Employee saving | 24th |
| Peers that auto-enroll | 62% |
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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
- Triwest Healthcare Alliance put in about $2,852 per active participant, below the typical peer ($3,606). 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.
- 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 | $3,520,557 |
| Participant (employee) contributions | $6,257,952 |
| Other contributions (incl. rollovers in) | $1,482,096 |
| Administrative expenses paid from the plan | $184,007 |
| Investment advisory & management fees | $30,000 |
| Other admin expenses | $44,128 |
| Benefits paid out | $7,958,221 |
| Net assets, start / end of year | $83.4M / $97.0M |
| Active participants, start / end of year | 1,114 / 1,355 |
| Participants with account balances | 1,982 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $154,007 reported compensation |
| NFP Retirement Inc/advisor Services | $30,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250702140313NAL0007673539001, received 2025-07-02, EIN 86-0813402, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.