Community Living Options, Inc. 401(k) Review & Grade
Not-For-Profit Retirement Savings Plan
Galesburg, ILHealth Care & Social Assistance2,976 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$240Employer $ per active participant
$597Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$30.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity16.2 / 5032th percentile for employer $ per participant
- Low cost20.0 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving2.7 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score29 / 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 | 32th |
| Lower admin cost | 80th |
| Employee saving | 18th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($48,331 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $443 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Community Living Options put in about $240 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $713,445 |
| Participant (employee) contributions | $1,777,518 |
| Other contributions (incl. rollovers in) | $91,800 |
| Administrative expenses paid from the plan | $13,497 |
| Benefits paid out | $3,921,291 |
| Net assets, start / end of year | $28.2M / $30.2M |
| Active participants, start / end of year | 3,150 / 2,802 |
| Participants with account balances | 1,093 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Transamerica Life Insurance Company | $13,496 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015090616NAL0008458898001, received 2025-10-15, EIN 37-1079626, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.