Kaleida Health 401(k) Review & Grade
Kaleida Health Savings/investment (401(k)) Plan
Buffalo, NYHealth Care & Social Assistance9,404 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,164Employer $ per active participant
$3Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$140.7MNet plan assets, end of year
$25,052Average balance per account
Score breakdown
- Employer generosity28.1 / 5056th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving0.1 / 151th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 39th |
| Employee saving | 1th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Kaleida Health put in about $1,164 per active participant, more than the typical peer ($800). 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 | $10,942,590 |
| Participant (employee) contributions | $25,527 |
| Other contributions (incl. rollovers in) | $394,654 |
| Administrative expenses paid from the plan | $233,633 |
| Contract administrator fees | $2,342 |
| Investment advisory & management fees | $10,311 |
| Benefits paid out | $11,389,277 |
| Net assets, start / end of year | $124.9M / $140.7M |
| Active participants, start / end of year | 9,305 / 9,504 |
| Participants with account balances | 5,618 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Freed Maxick P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $220,980 reported compensation |
| Strategic Advisors, Inc. | $10,311 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014114827NAL0002803729001, received 2025-10-14, EIN 16-1533232, plan #021, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.