Ashfield Healthcare Comm. 401(k) Review & Grade
Inizio Employee Savings Plan
Fort Washington, PAProfessional, Scientific & Technical Services778 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,461Employer $ per active participant
$12,517Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$134.2MNet plan assets, end of year
$115,164Average balance per account
Score breakdown
- Employer generosity40.8 / 5082th percentile for employer $ per participant
- Low cost13.8 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 55th |
| Employee saving | 78th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $20,176 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ashfield Healthcare Comm. put in about $6,461 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 | $5,023,605 |
| Participant (employee) contributions | $9,732,066 |
| Other contributions (incl. rollovers in) | $4,469,897 |
| Administrative expenses paid from the plan | $234,377 |
| Investment advisory & management fees | $215,841 |
| Benefits paid out | $10,244,021 |
| Net assets, start / end of year | $106.8M / $134.2M |
| Active participants, start / end of year | 838 / 717 |
| Participants with account balances | 1,165 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli LLP |
Largest service providers (Schedule C)
| Global Retirement Partners | $215,841 reported compensation |
| Adp, Inc. | $18,535 reported compensation |
| Morningstar Retirement Manager | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011055841NAL0008371313001, received 2025-10-11, EIN 20-8512445, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.