Vandalia Health, Inc. 401(k) Review & Grade
Vandalia Health System 401(k) Retirement Savings P
Charleston, WVHealth Care & Social Assistance11,194 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,883Employer $ per active participant
$5,176Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$852.8MNet plan assets, end of year
$57,926Average balance per account
Score breakdown
- Employer generosity32.0 / 5064th percentile for employer $ per participant
- Low cost8.1 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1560th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 32th |
| Employee saving | 60th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $35,353 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Vandalia Health put in about $2,883 per active participant, more than the typical peer ($2,086). 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.
- Direct plan expenses (0.13% of assets) are well above similar-size plans (0.09%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $32,270,211 |
| Participant (employee) contributions | $57,938,903 |
| Other contributions (incl. rollovers in) | $17,863,526 |
| Administrative expenses paid from the plan | $1,046,479 |
| Other admin expenses | $1,046,479 |
| Benefits paid out | $72,766,298 |
| Net assets, start / end of year | $718.8M / $852.8M |
| Active participants, start / end of year | – / 11,194 |
| Participants with account balances | 14,723 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Suttle & Stalnaker, PLLC |
Largest service providers (Schedule C)
| Fidelity Inv. Inst. Ops. Co., Inc. | $758,999 reported compensation |
| Metropolitan Life Insurance | $183,006 reported compensation |
| Strategic Advisors, Inc. | $173,921 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015113118NAL0002329043004, received 2025-10-15, EIN 55-0664138, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.