Apple Health Care, Inc. 401(k) Review & Grade
Apple Health Care, Inc. 401(k) Security Express
Avon, CTHealth Care & Social Assistance2,775 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$418Employer $ per active participant
$2,651Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$86.4MNet plan assets, end of year
$20,810Average balance per account
Score breakdown
- Employer generosity20.6 / 5041th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 44th |
| Employee saving | 49th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,412 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Apple Health Care put in about $418 per active participant, below the typical peer ($800). 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.
- 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 | $1,161,072 |
| Participant (employee) contributions | $7,357,588 |
| Other contributions (incl. rollovers in) | $298,200 |
| Administrative expenses paid from the plan | $120,818 |
| Contract administrator fees | $97,750 |
| Investment advisory & management fees | $10,368 |
| Other admin expenses | $12,700 |
| Benefits paid out | $10,642,177 |
| Net assets, start / end of year | $77.2M / $86.4M |
| Active participants, start / end of year | 2,752 / 2,798 |
| Participants with account balances | 4,153 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $110,749 reported compensation |
| LPL Financial Corporation | $50,000 reported compensation |
| Clifton Larson Allen LLP | $10,069 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015124838NAL0002317571001, received 2025-10-15, EIN 06-1174705, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.