Center for Disability Services 401(k) Review & Grade
The 401(k) Retirement Plan for Employees of the
Albany, NYHealth Care & Social Assistance1,848 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,316Employer $ per active participant
$1,829Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$106.3MNet plan assets, end of year
$36,296Average balance per account
Score breakdown
- Employer generosity28.6 / 5057th percentile for employer $ per participant
- Low cost5.7 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 23th |
| Employee saving | 39th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $45,306 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Center for Disability Services put in about $1,316 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.51% 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.
- 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 | $2,431,245 |
| Participant (employee) contributions | $3,380,087 |
| Other contributions (incl. rollovers in) | $297,545 |
| Administrative expenses paid from the plan | $508,311 |
| Contract administrator fees | $354,054 |
| Investment advisory & management fees | $152,007 |
| Other admin expenses | $2,250 |
| Benefits paid out | $8,935,434 |
| Net assets, start / end of year | $94.5M / $106.3M |
| Active participants, start / end of year | 1,809 / 1,887 |
| Participants with account balances | 2,928 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Uhy LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $356,441 reported compensation |
| Healthcare Community Securities | $152,007 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926092926NAL0009242273001, received 2025-09-26, EIN 14-1425851, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.