Capital District Physicians Health Plan, Inc. 401(k) Review & Grade
Capital District Physicians' Health Plan, Inc. 401(k) Profit Sharing Plan
Latham, NYFinance & Insurance1,316 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,191Employer $ per active participant
$9,449Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$267.2MNet plan assets, end of year
$157,149Average balance per account
Score breakdown
- Employer generosity21.2 / 5042th percentile for employer $ per participant
- Low cost21.1 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 84th |
| Employee saving | 73th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,851 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Capital District Physicians Health Plan put in about $3,191 per active participant, below the typical peer ($3,606). 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 | $4,200,729 |
| Participant (employee) contributions | $12,439,442 |
| Other contributions (incl. rollovers in) | $1,299,210 |
| Administrative expenses paid from the plan | $152,928 |
| Investment advisory & management fees | $73,107 |
| Benefits paid out | $20,536,413 |
| Net assets, start / end of year | $239.4M / $267.2M |
| Active participants, start / end of year | 1,313 / 1,320 |
| Participants with account balances | 1,700 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bonadio & Co. LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $162,757 reported compensation |
| One Digital Topco LLC | $56,250 reported compensation |
| Bonadio & Co LLP | $8,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010155717NAL0004392051001, received 2025-10-10, EIN 14-1641028, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.