Odyssey Behavioral Healthcare 401(k) match, vesting and fees
What Odyssey Behavioral Healthcare's 401(k) plan says about matching contributions
The Company contributes a non-discretionary match of 50 percent of the first four percent of eligible compensation that a participant contributes to the Plan. Additional profit-sharing amounts may be contributed at the option of the Company’s board of directors. During the year ended December 31, 2024, the Company made $772,963 in non-discretionary matching contributions to the 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 | 2024 audit report, p. 26 ↗ |
| Match vesting | Participants are vested immediately in their voluntary contributions plus actual earnings thereon. Vesting in the Company’s non-discretionary matching and discretionary profit-sharing contribution portion of their accounts is based on years of continuous service. A participant is 100 percent vested after 5 years of credited service. | 2024 audit report, p. 26 ↗ |
| Automatic enrollment | The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 3 percent of eligible compensation and their contributions invested in a designated balanced fund until changed by the participant. The deferral rate will automatically increase by 1 percent each year up to a maximum of 5 percent of eligible compensation. | 2024 audit report, p. 26 ↗ |
| Roth contributions | Each year, participants may contribute up to 100 percent of eligible compensation as pre-tax or Roth contributions, as defined in the Plan. | 2024 audit report, p. 26 ↗ |
| Loans | Participants may borrow from their accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50 percent of their vested account balance. The loans are secured by the balance in the participant’s account. The loan interest rate will bear a reasonable rate of interest as determined by the Plan Administrator. | 2024 audit report, p. 27 ↗ |
| Recordkeeper | Fidelity Investments Institutional | 2025 Schedule C ↗ |
| Independent auditor | Elliott Davis (unmodified opinion, limited scope) | 2025 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2025 Form 5500 ↗ |
| Late participant contributions | Reported on the filing | 2025 Schedule H ↗ |
Match, vesting and other plan features are from the plan year 2024 filing's audit report (the latest one extracted so far). Rows cited to the Form 5500 and its schedules are from the plan year 2025 filing.
How the plan compares
Plan year 2025 medians for 235 defined-contribution plans in health care and social assistance with 1,000 to 4,999 participants.
| Odyssey Behavioral Healthcare: employer contribution per participant | $519 | |
| Peer median | $1,537 |
| Odyssey Behavioral Healthcare: average balance | $11,606 | |
| Peer median | $56,476 |
| Odyssey Behavioral Healthcare: admin expenses ÷ assets | 0.71% | |
| Peer median | 0.19% |
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 $5M at the end of plan year 2021 to $22.1M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 2,220 | $22.1M | $988K | $519 | 0.71% | Not published | Form 5500 ↗ |
| 2024 | 1,558 | $15.3M | $773K | $588 | 0.80% | Quoted in the audit report, p. 26 ↗ | Form 5500 ↗ |
| 2023 | 1,166 | $10.5M | $674K | $656 | 0.82% | Not published | Form 5500 ↗ |
| 2022 | 890 | $5.9M | $505K | $677 | 0.83% | Not published | Form 5500 ↗ |
| 2021 | 717 | $5M | $293K | $598 | 0.75% | Not published | Form 5500 ↗ |
Common questions
Does Odyssey Behavioral Healthcare match 401(k) contributions?
The audit report attached to the Odyssey Behavioral Healthcare 401(k) Plan's plan year 2024 Form 5500, page 26 says: “The Company contributes a non-discretionary match of 50 percent of the first four percent of eligible compensation that a participant contributes to the Plan. Additional profit-sharing amounts may be contributed at the option of the Company’s board of directors. During the year ended December 31, 2024, the Company made $772,963 in non-discretionary matching contributions to the Plan.” Plan terms may have changed; check your current Summary Plan Description.
When is the Odyssey Behavioral Healthcare 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 26 says: “Participants are vested immediately in their voluntary contributions plus actual earnings thereon. Vesting in the Company’s non-discretionary matching and discretionary profit-sharing contribution portion of their accounts is based on years of continuous service. A participant is 100 percent vested after 5 years of credited service.”
Who manages the Odyssey Behavioral Healthcare 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Fidelity Investments Institutional. The plan administrator is Odyssey Behavioral Healthcare LLC.
I left Odyssey Behavioral Healthcare. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Odyssey Behavioral Healthcare LLC, (615) 864-8145) or the recordkeeper, Fidelity Investments Institutional. The Odyssey Behavioral Healthcare old 401(k) page lists the contacts from every plan filing. Find an old Odyssey Behavioral Healthcare 401(k)
Data from the public Form 5500 annual reports Odyssey Behavioral Healthcare filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) 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 Odyssey Behavioral Healthcare. Not financial advice. Report a correction · Methodology