Community Health Plan of Washington 401(k) Review & Grade
Community Health Plan/community Health Network 401(k) Employee Savings Plan
Seattle, WAHealth Care & Social Assistance697 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,400Employer $ per active participant
$8,518Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$94.9MNet plan assets, end of year
$84,260Average balance per account
Score breakdown
- Employer generosity45.8 / 5092th percentile for employer $ per participant
- Low cost9.7 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 39th |
| Employee saving | 96th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,769 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Community Health Plan of Washington put in about $5,400 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.
- 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 | $3,763,801 |
| Participant (employee) contributions | $5,936,841 |
| Other contributions (incl. rollovers in) | $1,248,892 |
| Administrative expenses paid from the plan | $277,882 |
| Benefits paid out | $9,489,067 |
| Net assets, start / end of year | $81.1M / $94.9M |
| Active participants, start / end of year | 665 / 729 |
| Participants with account balances | 1,126 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $277,882 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007143550NAL0002546739001, received 2025-10-07, EIN 91-1729710, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.