Southeast Alaska Regional Health Consortium (searhc) 401(k) Review & Grade
Southeast Alaska Regional Health Consortium (searhc) 401(k) Plan
Juneau, AKHealth Care & Social Assistance1,292 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,110Employer $ per active participant
$7,710Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$114.0MNet plan assets, end of year
$66,621Average balance per account
Score breakdown
- Employer generosity44.1 / 5088th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score73 / 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 | 88th |
| Lower admin cost | 57th |
| Employee saving | 95th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $246,394 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Southeast Alaska Regional Health Consortium (searhc) put in about $4,110 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.
- 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 | $5,308,397 |
| Participant (employee) contributions | $9,957,368 |
| Other contributions (incl. rollovers in) | $1,554,831 |
| Administrative expenses paid from the plan | $194,744 |
| Other admin expenses | $194,744 |
| Benefits paid out | $14,246,533 |
| Net assets, start / end of year | $99.2M / $114.0M |
| Active participants, start / end of year | 1,018 / 1,565 |
| Participants with account balances | 1,711 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Elgee Rehfeld |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $142,254 reported compensation |
| Vanguard Advisers Inc. | $55,989 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014131223NAL0001437635001, received 2025-10-14, EIN 92-0056274, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.