Athena Health Care Associates, Inc. 401(k) Review & Grade
Athena Health Care Associates, Inc. 401k Plan
Farmington, CTHealth Care & Social Assistance7,034 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$70Employer $ per active participant
$777Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$110.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.3 / 5021th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 37th |
| Employee saving | 21th |
| Peers that auto-enroll | 38% |
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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
- Athena Health Care Associates put in about $70 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.
- Direct plan expenses (0.19% of assets) are well above similar-size plans (0.12%). 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 | $492,129 |
| Participant (employee) contributions | $5,466,359 |
| Other contributions (incl. rollovers in) | $144,739 |
| Administrative expenses paid from the plan | $216,901 |
| Contract administrator fees | $116,393 |
| Other admin expenses | $56,229 |
| Benefits paid out | $24,286,635 |
| Net assets, start / end of year | $118.4M / $110.0M |
| Active participants, start / end of year | 10,127 / 3,940 |
| Participants with account balances | 2,306 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | PFK O'connor Davies, LLP |
Largest service providers (Schedule C)
| Lincoln National Corporation | $126,893 reported compensation |
| Planned Retirement Consultants | $56,229 reported compensation |
| PFK O'connor Davies, LLP | $44,279 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260715174644NAL0002494675001, received 2026-07-15, EIN 06-1116677, plan #334, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.