Uhhs 401(k) Review & Grade
Uhhs 401(k) Retirement Savings Plan
Shaker Heights, OHHealth Care & Social Assistance6,487 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$778Employer $ per active participant
$4,620Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$766.9MNet plan assets, end of year
$70,395Average balance per account
Score breakdown
- Employer generosity24.9 / 5050th percentile for employer $ per participant
- Low cost14.9 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 59th |
| Employee saving | 67th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($11,353,640 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $30,162 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Uhhs put in about $778 per active participant, below the typical peer ($800). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $5,045,753 |
| Participant (employee) contributions | $29,970,147 |
| Other contributions (incl. rollovers in) | $3,247,106 |
| Administrative expenses paid from the plan | $682,619 |
| Contract administrator fees | $4,500 |
| Investment advisory & management fees | $20,443 |
| Benefits paid out | $64,711,698 |
| Net assets, start / end of year | $702.9M / $766.9M |
| Active participants, start / end of year | 4,655 / 8,319 |
| Participants with account balances | 10,894 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KPMG |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $567,744 reported compensation |
| KPMG LLP | $68,333 reported compensation |
| Seyfarth Shaw LLP | $26,099 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014172150NAL0004645072001, received 2025-10-14, EIN 34-0714775, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.