Carroll Hospital Center, Inc. 401(k) Review & Grade
Carroll Hospital Center Retirement Savings Plan
Owings Mills, MDHealth Care & Social Assistance2,070 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$799Employer $ per active participant
$3,631Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$155.1MNet plan assets, end of year
$63,914Average balance per account
Score breakdown
- Employer generosity22.7 / 5045th percentile for employer $ per participant
- Low cost17.8 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1563th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score50 / 100 · Grade C
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 | 71th |
| Employee saving | 63th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($17,437 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Carroll Hospital Center put in about $799 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.
- 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,653,498 |
| Participant (employee) contributions | $7,517,077 |
| Other contributions (incl. rollovers in) | $607,664 |
| Administrative expenses paid from the plan | $169,861 |
| Benefits paid out | $19,701,743 |
| Net assets, start / end of year | $147.3M / $155.1M |
| Active participants, start / end of year | 1,887 / 2,254 |
| Participants with account balances | 2,426 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $94,493 reported compensation |
| Fidelity Investments Institutional | $36,329 reported compensation |
| Raymond James & Associates | $26,593 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010081843NAL0007797537001, received 2025-10-10, EIN 52-1452024, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.