Community Health Systems 401(k) match, vesting and fees
What Community Health Systems' 401(k) plan says about matching contributions
The Company shall make safe harbor matching contributions on behalf of each participant of an amount equal to 100 percent of the participant’s deferral amounts that do not exceed four percent of the participant’s annual compensation. A participant is eligible for the matching contribution after completing one year of service.
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. 30 ↗ |
| Match vesting | Participants are immediately vested in all voluntary and Company matching contributions plus earnings thereon. | Audit report, p. 31 ↗ |
| Automatic enrollment | Employees who do not make an investment selection from the available options are automatically enrolled in the appropriate Target Date Retirement fund. | Audit report, p. 31 ↗ |
| Roth contributions | Participant contributions may be traditional elective deferrals (pre-tax) or Roth elective deferrals (after-tax). | Audit report, p. 30 ↗ |
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Mcnair, Mclemore, Middlebrooks & Co (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.
| Community Health Systems: employer contribution per participant | $1,356 | |
| Peer median | $1,358 |
| Community Health Systems: average balance | $37,280 | |
| Peer median | $44,442 |
| Community Health Systems: admin expenses ÷ assets | 0.13% | |
| 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 $141M at the end of plan year 2021 to $150M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 6,844 | $150M | $5.5M | $1,356 | 0.13% | Quoted in the audit report, p. 30 ↗ | Form 5500 ↗ |
| 2023 | 6,446 | $133M | $5M | $1,319 | 0.13% | Not published | Form 5500 ↗ |
| 2022 | 5,781 | $114M | $4.7M | $1,254 | 0.13% | Not published | Form 5500 ↗ |
| 2021 | 6,142 | $141M | $5.1M | $1,231 | 0.13% | Not published | Form 5500 ↗ |
Common questions
Does Community Health Systems match 401(k) contributions?
The audit report attached to the Community Health Services of Georgia Profit Sharing Plan's plan year 2024 Form 5500, page 30 says: “The Company shall make safe harbor matching contributions on behalf of each participant of an amount equal to 100 percent of the participant’s deferral amounts that do not exceed four percent of the participant’s annual compensation. A participant is eligible for the matching contribution after completing one year of service.” Plan terms may have changed; check your current Summary Plan Description.
When is the Community Health Systems 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 31 says: “Participants are immediately vested in all voluntary and Company matching contributions plus earnings thereon.”
Who manages the Community Health Systems 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Community Health Systems, Inc..
I left Community Health Systems. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Community Health Systems, Inc., (478) 621-2040) or the recordkeeper, Principal Life Insurance Company. The Community Health Systems old 401(k) page lists the contacts from every plan filing. Find an old Community Health Systems 401(k)
Data from the public Form 5500 annual reports Community Health Systems 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 Community Health Systems. Not financial advice. Report a correction · Methodology