Augusta Health Care 401(k) match, vesting and fees
What Augusta Health Care's 401(k) plan says about matching contributions
Each year, the Company contributes matching contributions of 50% up to the first 6% of base compensation that a participant contributes to the related Augusta Health Care 403(b) Plan.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 25 ↗ |
| Match vesting | Participants are immediately vested in their frozen contributions plus actual earnings thereon. Vesting in the Company’s contribution portion of their accounts plus actual earnings thereon is based on years of continuous service. Participants are not vested until three years of credited service at which point participants are 100% vested. | Audit report, p. 25 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of (a) $50,000 less the highest outstanding loan balance in the last twelve months or (b) 50% of their vested account balance. Loans must be paid within five years unless the loan is for the purchase of a primary residence. The loans are secured by the balance in the participant’s account and bear interest at rates which are commensurate with local prevailing rates as determined by the Plan administrator. At December 31, 2024, outstanding loans bore interest rates ranging from 4.25% to 9.50%. | Audit report, p. 25 ↗ |
| Recordkeeper | Prudential Retirement Insurance | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,281 defined-contribution plans in health care and social assistance with 1,000 to 4,999 participants.
| Augusta Health Care: employer contribution per participant | $3,026 | |
| Peer median | $1,358 |
| Augusta Health Care: average balance | $38,233 | |
| Peer median | $44,442 |
| Augusta Health Care: admin expenses ÷ assets | 0.17% | |
| Peer median | 0.21% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $103M at the end of plan year 2021 to $116M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,337 | $116M | $9.2M | $3,026 | 0.17% | Quoted in the audit report, p. 25 ↗ | Form 5500 ↗ |
| 2023 | 3,002 | $101M | $7.8M | $2,599 | 0.21% | Not published | Form 5500 ↗ |
| 2022 | 2,834 | $86.9M | $6.9M | $2,452 | 0.22% | Not published | Form 5500 ↗ |
| 2021 | 2,766 | $103M | $6.5M | $2,334 | 0.21% | Not published | Form 5500 ↗ |
Other Augusta Health Care plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Augusta Health Care 403b Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Prudential Retirement Insurance | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
Common questions
Does Augusta Health Care match 401(k) contributions?
The audit report attached to the Augusta Health Care Retirement Savings Plan's plan year 2024 Form 5500, page 25 says: “Each year, the Company contributes matching contributions of 50% up to the first 6% of base compensation that a participant contributes to the related Augusta Health Care 403(b) Plan.” Plan terms may have changed; check your current Summary Plan Description.
When is the Augusta Health Care 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 25 says: “Participants are immediately vested in their frozen contributions plus actual earnings thereon. Vesting in the Company’s contribution portion of their accounts plus actual earnings thereon is based on years of continuous service. Participants are not vested until three years of credited service at which point participants are 100% vested.”
Who manages the Augusta Health Care 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Prudential Retirement Insurance. The plan administrator is Augusta Health Care Retirement Savings Plan.
I left Augusta Health Care. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Augusta Health Care Retirement Savings Plan, (540) 332-5277) or the recordkeeper, Prudential Retirement Insurance. The Augusta Health Care old 401(k) page lists the contacts from every plan filing. Find an old Augusta Health Care 401(k)
Data from the public Form 5500 annual reports Augusta Health Care filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Augusta Health Care. Not financial advice. Report a correction · Methodology