Multicare Health System 401(k) match, vesting and fees
What Multicare Health System's 401(k) plan says about matching contributions
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 | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 244 defined-contribution plans in health care and social assistance with 10,000 to 49,999 participants.
| Multicare Health System: employer contribution per participant | $1,140 | |
| Peer median | $2,155 |
| Multicare Health System: average balance | $70,192 | |
| Peer median | $66,935 |
| Multicare Health System: admin expenses ÷ assets | 0.11% | |
| Peer median | 0.08% |
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 $354M at the end of plan year 2023 to $779M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 12,091 | $779M | $12.7M | $1,140 | 0.11% | Not published | Form 5500 ↗ |
| 2023 | 7,376 | $354M | $9.9M | $1,415 | 0.15% | Not published | Form 5500 ↗ |
Other Multicare Health System plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Multicare Health System 403(b) Employee Savings 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 | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (disclaimer opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
Multicare Health System Retirement Account 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 | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
Retirement Plan for Employees of Multicare Health System
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 | Milliman, Inc. | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Multicare Health System match 401(k) contributions?
The match terms for the Multicare Health System 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $12.7M in employer contributions, about $1,140 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Multicare Health System 401(k) match vested?
The vesting schedule for the Multicare Health System 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Multicare Health System 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Multicare Health System.
I left Multicare Health System. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Multicare Health System, (855) 647-6947) or the recordkeeper, Empower Annuity Insurance Company. The Multicare Health System old 401(k) page lists the contacts from every plan filing. Find an old Multicare Health System 401(k)
Data from the public Form 5500 annual reports Multicare Health System filed with the U.S. Department of Labor (plan years 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 Multicare Health System. Not financial advice. Report a correction · Methodology