Promises Behavioral Health 401(k) match, vesting and fees
What Promises Behavioral Health'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 | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Withumsmith and Brown (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
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.
| Promises Behavioral Health: employer contribution per participant | $298 | |
| Peer median | $1,468 |
| Promises Behavioral Health: average balance | $21,964 | |
| Peer median | $37,786 |
| Promises Behavioral Health: admin expenses ÷ assets | 0.74% | |
| 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 $7.9M at the end of plan year 2021 to $9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,634 | $9M | $122K | $298 | 0.74% | Not published | Form 5500 ↗ |
| 2023 | 783 | $8M | $126K | $345 | 0.76% | Not published | Form 5500 ↗ |
| 2022 | 771 | $6.7M | $92K | $256 | 0.81% | Not published | Form 5500 ↗ |
| 2021 | 778 | $7.9M | $102K | $272 | 0.79% | Not published | Form 5500 ↗ |
Common questions
Does Promises Behavioral Health match 401(k) contributions?
The match terms for the Promises Behavioral Health, LLC have not been published from its filing yet. The plan year 2024 filing reports $122K in employer contributions, about $298 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Promises Behavioral Health 401(k) match vested?
The vesting schedule for the Promises Behavioral Health, LLC is not in the data published so far. Your Summary Plan Description states it.
Who manages the Promises Behavioral Health 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Promises Behavioral Health, LLC.
I left Promises Behavioral Health. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Promises Behavioral Health, LLC, (888) 648-1941) or the recordkeeper, Fidelity Investments Institutional. The Promises Behavioral Health old 401(k) page lists the contacts from every plan filing. Find an old Promises Behavioral Health 401(k)
Data from the public Form 5500 annual reports Promises Behavioral Health 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 Promises Behavioral Health. Not financial advice. Report a correction · Methodology