239 Legris Ave Operations, LLC 401(k) Review & Grade
Eden HC 401(k) Plan
West Warwick, RIHealth Care & Social Assistance669 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$267Employer $ per active participant
$1,012Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$7.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.3 / 5025th percentile for employer $ per participant
- Low cost5.6 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-5 pts1 issue reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 22th |
| Employee saving | 22th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- 239 Legris Ave Operations put in about $267 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.51% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $178,325 |
| Participant (employee) contributions | $676,900 |
| Other contributions (incl. rollovers in) | $38,202 |
| Administrative expenses paid from the plan | $34,302 |
| Contract administrator fees | $34,302 |
| Benefits paid out | $786,283 |
| Net assets, start / end of year | $6.4M / $7.1M |
| Active participants, start / end of year | 615 / 723 |
| Participants with account balances | 187 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Blatt & Dauman, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $43,612 reported compensation |
| Park Avenue Securities | $17,612 reported compensation |
| The Benefit Advantage Inc | $6,627 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010105936NAL0004525811001, received 2025-10-10, EIN 82-3615975, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.