Jag Healthcare, Inc. 401(k) Review & Grade
Jag Healthcare, Inc. 401k Plan
Rocky River, OHHealth Care & Social Assistance516 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$289Employer $ per active participant
$958Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$4.5MNet plan assets, end of year
$10,017Average balance per account
Score breakdown
- Employer generosity12.8 / 5026th percentile for employer $ per participant
- Low cost19.8 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 79th |
| Employee saving | 21th |
| 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 ($35,238 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
- Jag Healthcare put in about $289 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 | $149,134 |
| Participant (employee) contributions | $493,951 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $3,279 |
| Benefits paid out | $291,612 |
| Net assets, start / end of year | $3.7M / $4.5M |
| Active participants, start / end of year | 536 / 495 |
| Participants with account balances | 449 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hill Barth & King LLC |
Largest service providers (Schedule C)
| Adp, Inc. | $3,283 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260220111055NAL0012081090001, received 2026-02-20, EIN 27-2795645, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.