Versant Health Holdco, Inc. 401(k) Review & Grade
Versant Health Holdco, Inc. 401(k) Plan
Troy, NYFinance & Insurance936 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,567Employer $ per active participant
$5,377Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$70.2MNet plan assets, end of year
$70,758Average balance per account
Score breakdown
- Employer generosity15.7 / 5031th percentile for employer $ per participant
- Low cost12.4 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 49th |
| Employee saving | 28th |
| 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
- Versant Health Holdco put in about $2,567 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.
- 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 | $2,401,826 |
| Participant (employee) contributions | $5,030,549 |
| Other contributions (incl. rollovers in) | $806,268 |
| Administrative expenses paid from the plan | $155,942 |
| Investment advisory & management fees | $70,000 |
| Benefits paid out | $9,360,880 |
| Net assets, start / end of year | $62.9M / $70.2M |
| Active participants, start / end of year | 933 / 938 |
| Participants with account balances | 992 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sc&h Attest Services, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $85,942 reported compensation |
| Hays Financial Group | $70,000 reported compensation |
| Wealth Management Systems Inc | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013151724NAL0003435906001, received 2025-10-13, EIN 81-0711451, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.