Twin Rivers Health & Rehabilitation 401(k) Review & Grade
Twin Rivers 401(k) Retirement Plan
Cleveland, TNHealth Care & Social Assistance863 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$135Employer $ per active participant
$469Employee $ saved per active participant
1.49%Direct admin cost, % of plan assets
$2.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity8.9 / 5018th percentile for employer $ per participant
- Low cost0.7 / 253th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 3th |
| Employee saving | 11th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $41,608 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Twin Rivers Health & Rehabilitation put in about $135 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 (1.49% 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 | $116,793 |
| Participant (employee) contributions | $405,173 |
| Other contributions (incl. rollovers in) | $129,437 |
| Administrative expenses paid from the plan | $32,512 |
| Benefits paid out | $73,660 |
| Net assets, start / end of year | $1.8M / $2.5M |
| Active participants, start / end of year | 873 / 853 |
| Participants with account balances | 126 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250930081239NAL0005384067001, received 2025-09-30, EIN 83-1411968, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.