Together Women's Health, LLC 401(k) Review & Grade
Together Women's Health 401(k) Plan
Grosse Pointe, MIHealth Care & Social Assistance600 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,194Employer $ per active participant
$4,838Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$45.5MNet plan assets, end of year
$69,199Average balance per account
Score breakdown
- Employer generosity36.9 / 5074th percentile for employer $ per participant
- Low cost11.7 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving11.6 / 1577th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 47th |
| Employee saving | 77th |
| Peers that auto-enroll | 36% |
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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 ($94,538 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Together Women's Health put in about $2,194 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 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 | $1,317,319 |
| Participant (employee) contributions | $2,905,018 |
| Other contributions (incl. rollovers in) | $7,820,893 |
| Administrative expenses paid from the plan | $95,931 |
| Contract administrator fees | $61,865 |
| Investment advisory & management fees | $34,066 |
| Benefits paid out | $897,734 |
| Net assets, start / end of year | $30.4M / $45.5M |
| Active participants, start / end of year | 559 / 642 |
| Participants with account balances | 658 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Stancorp Financial Group | $61,865 reported compensation |
| Gallagher Fiduciary Advisors, LLC | $34,066 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251110143153NAL0004697297001, received 2025-11-10, EIN 85-4308757, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.