Veradigm LLC 401(k) Review & Grade
Veradigm LLC. Retirement Savings Plan
Raleigh, NCProfessional, Scientific & Technical Services1,740 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,263Employer $ per active participant
$11,932Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$605.0MNet plan assets, end of year
$150,459Average balance per account
Score breakdown
- Employer generosity37.6 / 5075th percentile for employer $ per participant
- Low cost19.8 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 79th |
| Employee saving | 73th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $45,653 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Veradigm put in about $5,263 per active participant, more than the typical peer ($3,082). 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.
- 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 | $9,158,041 |
| Participant (employee) contributions | $20,761,468 |
| Other contributions (incl. rollovers in) | $1,866,288 |
| Administrative expenses paid from the plan | $461,260 |
| Investment advisory & management fees | $213,431 |
| Benefits paid out | $69,143,744 |
| Net assets, start / end of year | $557.8M / $605.0M |
| Active participants, start / end of year | 1,690 / 1,790 |
| Participants with account balances | 4,021 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $274,803 reported compensation |
| Capfinancial Partners LLC | $139,562 reported compensation |
| Truist Bank | $46,521 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251028155015NAL0007068401001, received 2025-10-28, EIN 56-1306083, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.