Cora Health Services, Inc. 401(k) Review & Grade
Cora Health Services Retirement Salary Savings Plan
Lima, OHHealth Care & Social Assistance1,764 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1Employer $ per active participant
$2,372Employee $ saved per active participant
0.92%Direct admin cost, % of plan assets
$36.4MNet plan assets, end of year
$17,974Average balance per account
Score breakdown
- Employer generosity3.6 / 507th percentile for employer $ per participant
- Low cost1.9 / 258th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
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 | 7th |
| Lower admin cost | 8th |
| Employee saving | 47th |
| 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
- Cora Health Services put in about $1 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 (0.92% 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 | $1,756 |
| Participant (employee) contributions | $4,184,249 |
| Other contributions (incl. rollovers in) | $309,680 |
| Administrative expenses paid from the plan | $315,914 |
| Contract administrator fees | $315,914 |
| Benefits paid out | $3,383,791 |
| Net assets, start / end of year | $32.4M / $36.4M |
| Active participants, start / end of year | 1,814 / 1,714 |
| Participants with account balances | 2,027 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | William Vaughan Company |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $194,926 reported compensation |
| Ascensus | $104,245 reported compensation |
| William Vaughan Company | $18,484 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013194531NAL0001891793001, received 2025-10-13, EIN 34-1853567, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.