Uofl Health, Inc. 401(k) Review & Grade
Uofl Health 401(k) Plan
Louisville, KYHealth Care & Social Assistance11,068 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,145Employer $ per active participant
$4,454Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$565.8MNet plan assets, end of year
$45,511Average balance per account
Score breakdown
- Employer generosity25.9 / 5052th percentile for employer $ per participant
- Low cost8.6 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 35th |
| Employee saving | 47th |
| Peers that auto-enroll | 52% |
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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 ($1,894,508 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,053 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Uofl Health put in about $2,145 per active participant, more than the typical peer ($2,086). 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.
- 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 | $23,744,842 |
| Participant (employee) contributions | $49,294,573 |
| Other contributions (incl. rollovers in) | $5,854,329 |
| Administrative expenses paid from the plan | $656,183 |
| Contract administrator fees | $656,183 |
| Benefits paid out | $42,742,834 |
| Net assets, start / end of year | $466.4M / $565.8M |
| Active participants, start / end of year | 10,926 / 11,211 |
| Participants with account balances | 12,432 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Blue & Co., LLC |
Largest service providers (Schedule C)
| Lincoln National Corporation | $583,208 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010134602NAL0018150402001, received 2025-10-10, EIN 84-3125292, plan #333, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.