Ap Therapy LLC 401(k) Review & Grade
Ap Therapy LLC 401k Profit Sharing Plan
Englewood Cliffs, NJHealth Care & Social Assistance1,285 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$255Employer $ per active participant
$1,213Employee $ saved per active participant
1.25%Direct admin cost, % of plan assets
$6.4MNet plan assets, end of year
$4,117Average balance per account
Score breakdown
- Employer generosity12.0 / 5024th percentile for employer $ per participant
- Low cost1.0 / 254th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score17 / 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 | 24th |
| Lower admin cost | 4th |
| Employee saving | 27th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Ap Therapy put in about $255 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 (1.25% 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 | $327,966 |
| Participant (employee) contributions | $1,558,191 |
| Other contributions (incl. rollovers in) | $196,015 |
| Administrative expenses paid from the plan | $67,406 |
| Contract administrator fees | $67,406 |
| Benefits paid out | $809,913 |
| Net assets, start / end of year | $4.4M / $6.4M |
| Active participants, start / end of year | 843 / 1,727 |
| Participants with account balances | 1,547 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Meaden & Moore LTD |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $43,131 reported compensation |
| Raymond James | $24,818 reported compensation |
| Trinity Pension Consultant | $10,173 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015104338NAL0002265299001, received 2025-10-15, EIN 88-3978140, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.