Volunteer Behavioral Health Care System 401(k) Review & Grade
Volunteer Behavioral Health Salary Reduction Profit Sharing Plan
Chattanooga, TNHealth Care & Social Assistance853 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$785Employer $ per active participant
$1,202Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$19.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity22.6 / 5045th percentile for employer $ per participant
- Low cost6.1 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 24th |
| Employee saving | 27th |
| Peers that auto-enroll | 36% |
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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
- Volunteer Behavioral Health Care System put in about $785 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 (0.48% 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 | $669,858 |
| Participant (employee) contributions | $1,025,697 |
| Other contributions (incl. rollovers in) | $173,849 |
| Administrative expenses paid from the plan | $88,437 |
| Investment advisory & management fees | $42,662 |
| Benefits paid out | $1,247,693 |
| Net assets, start / end of year | $17.2M / $19.6M |
| Active participants, start / end of year | 601 / 1,105 |
| Participants with account balances | 390 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Johnson, Hickey & Murchison, PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $45,775 reported compensation |
| Onedigital Investment Advisors LLC | $42,662 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250828105530NAL0005469891001, received 2025-08-28, EIN 62-1589440, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.