Wilmington Health, PLLC 401(k) Review & Grade
Wilmington Health, PLLC Retirement Plan
Wilmington, NCHealth Care & Social Assistance1,206 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,781Employer $ per active participant
$4,767Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$166.3MNet plan assets, end of year
$113,080Average balance per account
Score breakdown
- Employer generosity43.3 / 5087th percentile for employer $ per participant
- Low cost9.4 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score74 / 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 | 87th |
| Lower admin cost | 38th |
| Employee saving | 76th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Wilmington Health, PLLC put in about $3,781 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 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 | $4,559,304 |
| Participant (employee) contributions | $5,748,410 |
| Other contributions (incl. rollovers in) | $1,163,773 |
| Administrative expenses paid from the plan | $500,400 |
| Investment advisory & management fees | $362,326 |
| Other admin expenses | $756 |
| Benefits paid out | $7,866,736 |
| Net assets, start / end of year | $141.7M / $166.3M |
| Active participants, start / end of year | 1,161 / 1,251 |
| Participants with account balances | 1,471 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cherry Bekaert LLP |
Largest service providers (Schedule C)
| Merrill Lynch | $138,775 reported compensation |
| Milliman, Inc. | $114,063 reported compensation |
| Wells Fargo | $62,761 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013074018NAL0000349379001, received 2025-10-13, EIN 56-1980160, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.