Lake Regional Health System 401(k) Review & Grade
Lake Regional Health System Employees' Retirement Plan
Osage Beach, MOHealth Care & Social Assistance1,448 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,008Employer $ per active participant
$4,445Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$116.8MNet plan assets, end of year
$68,998Average balance per account
Score breakdown
- Employer generosity35.4 / 5071th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 51th |
| Employee saving | 73th |
| 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
- Lake Regional Health System put in about $2,008 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 | $2,908,791 |
| Participant (employee) contributions | $6,437,873 |
| Other contributions (incl. rollovers in) | $1,208,487 |
| Administrative expenses paid from the plan | $242,276 |
| Contract administrator fees | $148,598 |
| Investment advisory & management fees | $93,678 |
| Benefits paid out | $10,898,048 |
| Net assets, start / end of year | $103.3M / $116.8M |
| Active participants, start / end of year | 1,445 / 1,452 |
| Participants with account balances | 1,693 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $148,598 reported compensation |
| Moneta Group Investment | $93,678 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013092137NAL0000414163001, received 2025-10-13, EIN 23-7339737, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.