Western Reserve Care Solutions 401(k) Review & Grade
Western Reserve Care Solutions Retirement Plan
Cleveland, OHHealth Care & Social Assistance931 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,754Employer $ per active participant
$5,013Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$47.0MNet plan assets, end of year
$39,274Average balance per account
Score breakdown
- Employer generosity33.2 / 5066th percentile for employer $ per participant
- Low cost5.8 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 23th |
| Employee saving | 79th |
| 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
- Western Reserve Care Solutions put in about $1,754 per active participant, more than the typical peer ($976). 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.
- Direct plan expenses (0.50% 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.
- 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 | $1,633,223 |
| Participant (employee) contributions | $4,666,863 |
| Other contributions (incl. rollovers in) | $1,485,647 |
| Administrative expenses paid from the plan | $221,526 |
| Contract administrator fees | $217,226 |
| Other admin expenses | $4,300 |
| Benefits paid out | $7,581,267 |
| Net assets, start / end of year | $41.9M / $47.0M |
| Active participants, start / end of year | 890 / 972 |
| Participants with account balances | 1,196 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Citrin Cooperman & Company LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $221,526 reported compensation |
| Global Retirement Partners LLC | $61,512 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015075811NAL0008249154001, received 2025-10-15, EIN 83-2255711, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.