Mosaic Health System 401(k) Review & Grade
Mosaic Health System 401(k) Retirement Plan
ST. Joseph, MOHealth Care & Social Assistance4,692 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$0Employer $ per active participant
$5,246Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$453.2MNet plan assets, end of year
$78,146Average balance per account
Score breakdown
- Employer generosity4.2 / 508th percentile for employer $ per participant
- Low cost17.8 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score40 / 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 | 8th |
| Lower admin cost | 71th |
| Employee saving | 74th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,570 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mosaic Health System put in about $0 per active participant, below the typical peer ($800). 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.
- 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 | $1,913 |
| Participant (employee) contributions | $24,615,684 |
| Other contributions (incl. rollovers in) | $1,923,783 |
| Administrative expenses paid from the plan | $275,146 |
| Investment advisory & management fees | $67,504 |
| Other admin expenses | $207,642 |
| Benefits paid out | $35,319,276 |
| Net assets, start / end of year | $413.4M / $453.2M |
| Active participants, start / end of year | 4,614 / 4,771 |
| Participants with account balances | 5,800 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $216,145 reported compensation |
| Resources Investment Advisors, LLC | $67,504 reported compensation |
| Onedigital | $64,532 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010113956NAL0008078625001, received 2025-10-10, EIN 43-1283316, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.