Wexford Health Sources, Inc. 401(k) Review & Grade
Wexford Health Sources, Inc. Employees' Retirement Plan
Pittsburgh, PAHealth Care & Social Assistance1,196 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$0Employer $ per active participant
$3,888Employee $ saved per active participant
0.71%Direct admin cost, % of plan assets
$48.0MNet plan assets, end of year
$14,389Average balance per account
Score breakdown
- Employer generosity3.1 / 506th percentile for employer $ per participant
- Low cost3.2 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 13th |
| Employee saving | 67th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $204,968 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Wexford Health Sources put in about $0 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 (0.71% 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 | $99 |
| Participant (employee) contributions | $4,649,521 |
| Other contributions (incl. rollovers in) | $338,366 |
| Administrative expenses paid from the plan | $330,331 |
| Investment advisory & management fees | $102,056 |
| Benefits paid out | $7,367,539 |
| Net assets, start / end of year | $45.3M / $48.0M |
| Active participants, start / end of year | 1,065 / 1,327 |
| Participants with account balances | 3,336 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Great-West Life & Annuity Insurance | $228,275 reported compensation |
| Global Retirement Partners | $102,056 reported compensation |
| Dunbar Bender & Zapf | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014142207NAL0001493971001, received 2025-10-14, EIN 59-2363973, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.