Adapt of the Hudson Valley, Inc. 401(k) Review & Grade
Adapt of the Hudson Valley, Inc. 401(k) Plan
Middletown, NYHealth Care & Social Assistance588 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,864Employer $ per active participant
$1,119Employee $ saved per active participant
1.01%Direct admin cost, % of plan assets
$6.3MNet plan assets, end of year
$11,168Average balance per account
Score breakdown
- Employer generosity43.6 / 5087th percentile for employer $ per participant
- Low cost1.6 / 256th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1525th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 6th |
| Employee saving | 25th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Adapt of the Hudson Valley put in about $3,864 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (1.01% 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 | $2,273,943 |
| Participant (employee) contributions | $658,808 |
| Other contributions (incl. rollovers in) | $122,018 |
| Administrative expenses paid from the plan | $47,670 |
| Contract administrator fees | $36,715 |
| Investment advisory & management fees | $10,955 |
| Benefits paid out | $353,644 |
| Net assets, start / end of year | $3.2M / $6.3M |
| Active participants, start / end of year | 525 / 652 |
| Participants with account balances | 561 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Benefit Plan Admin Service | $39,845 reported compensation |
| Focused Wealth Management | $7,825 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260415151349NAL0017150737001, received 2026-04-15, EIN 86-2864372, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.