New Healthworks 401(k) match, vesting and fees
What New Healthworks' 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 | Lincoln National Corporation | Schedule C ↗ |
| Independent auditor | Herbein & Company, Inc. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 7,678 defined-contribution plans in health care and social assistance with 100 to 499 participants.
| New Healthworks: employer contribution per participant | $1,302 | |
| Peer median | $1,468 |
| New Healthworks: average balance | $42,667 | |
| Peer median | $37,786 |
| New Healthworks: admin expenses ÷ assets | 1.07% | |
| Peer median | 0.39% |
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 $4M at the end of plan year 2023 to $5.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 130 | $5.3M | $163K | $1,302 | 1.07% | Not published | Form 5500 ↗ |
| 2023 | 145 | $4M | $101K | $741 | <0.01% | Not published | 5500-SF ↗ |
Common questions
Does New Healthworks match 401(k) contributions?
The match terms for the New Healthworks, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $163K in employer contributions, about $1,302 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the New Healthworks 401(k) match vested?
The vesting schedule for the New Healthworks, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the New Healthworks 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Lincoln National Corporation. The plan administrator is New Healthworks, Inc..
I left New Healthworks. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (New Healthworks, Inc., (610) 385-1227) or the recordkeeper, Lincoln National Corporation. The New Healthworks old 401(k) page lists the contacts from every plan filing. Find an old New Healthworks 401(k)
Data from the public Form 5500 annual reports New Healthworks 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 New Healthworks. Not financial advice. Report a correction · Methodology