Allaire Health Services 401(k) Review & Grade
Allaire Health Services Employee Retirement Savings Plan
Danville, PAHealth Care & Social Assistance722 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$75Employer $ per active participant
$1,018Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$4.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.9 / 5014th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score24 / 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 | 14th |
| Lower admin cost | 42th |
| Employee saving | 22th |
| 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
- Allaire Health Services put in about $75 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $54,258 |
| Participant (employee) contributions | $734,405 |
| Other contributions (incl. rollovers in) | $653,177 |
| Administrative expenses paid from the plan | $11,109 |
| Investment advisory & management fees | $8,400 |
| Other admin expenses | $1,696 |
| Benefits paid out | $474,400 |
| Net assets, start / end of year | $3.2M / $4.5M |
| Active participants, start / end of year | 1,051 / 392 |
| Participants with account balances | 209 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Larson, Kellett & Associates, P.C. |
Largest service providers (Schedule C)
| Cambridge Investment Research | $7,746 reported compensation |
| Fidelity Investments Institutional | $2,709 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930132021NAL0012306817001, received 2025-09-30, EIN 82-1958670, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.