Premise Health Holding Corp. 401(k) Review & Grade
Premise Health 401(k) Plan
Brentwood, TNHealth Care & Social Assistance6,170 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,546Employer $ per active participant
$6,153Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$405.9MNet plan assets, end of year
$68,671Average balance per account
Score breakdown
- Employer generosity31.4 / 5063th percentile for employer $ per participant
- Low cost13.8 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues 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 | 63th |
| Lower admin cost | 55th |
| Employee saving | 82th |
| Peers that auto-enroll | 38% |
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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 ($1,329,964 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $36,507 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Premise Health Holding put in about $1,546 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 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 | $9,537,825 |
| Participant (employee) contributions | $37,962,570 |
| Other contributions (incl. rollovers in) | $10,063,184 |
| Administrative expenses paid from the plan | $396,727 |
| Contract administrator fees | $600 |
| Other admin expenses | $84,871 |
| Benefits paid out | $40,152,966 |
| Net assets, start / end of year | $339.5M / $405.9M |
| Active participants, start / end of year | 5,834 / 6,506 |
| Participants with account balances | 5,911 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frazier & Deeter, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $306,856 reported compensation |
| Frazier & Deeter, LLC | $5,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250812155403NAL0008311553001, received 2025-08-12, EIN 30-0828121, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.