Advanced Nursing Care 401(k) Review & Grade
Advanced Nursing Care
Philadelphia, PAHealth Care & Social Assistance594 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500-SF filing · How we grade
$0Employer $ per active participant
$72Employee $ saved per active participant
1.04%Direct admin cost, % of plan assets
$62,167Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.5 / 507th percentile for employer $ per participant
- Low cost1.5 / 256th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score12 / 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 | 7th |
| Lower admin cost | 6th |
| Employee saving | 2th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,385 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Advanced Nursing Care put in about $0 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 (1.04% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $279 |
| Participant (employee) contributions | $42,472 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $477 |
| Benefits paid out | $8,169 |
| Net assets, start / end of year | $29,701 / $62,167 |
| Active participants, start / end of year | 550 / 638 |
| Participants with account balances | 171 |
| Auto-enrollment (feature code 2S) | Yes |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250813150658NAL0020454866001, received 2025-08-13, EIN 26-2808691, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.