Eden Senior Care LLC 401(k) Review & Grade
Eden Senior Care LLC 401(k) Profit Sharing Plan & Trust
Skokie, ILHealth Care & Social Assistance2,488 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$79Employer $ per active participant
$819Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$8.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.9 / 5014th percentile for employer $ per participant
- Low cost3.2 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving2.7 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 13th |
| Employee saving | 18th |
| Peers that auto-enroll | 36% |
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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
- Eden Senior Care put in about $79 per active participant, below the typical peer ($976). 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 (0.70% 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.
- 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 | $196,191 |
| Participant (employee) contributions | $2,036,711 |
| Other contributions (incl. rollovers in) | $164,997 |
| Administrative expenses paid from the plan | $49,453 |
| Contract administrator fees | $29,552 |
| Investment advisory & management fees | $19,041 |
| Benefits paid out | $1,168,532 |
| Net assets, start / end of year | $6.0M / $8.1M |
| Active participants, start / end of year | 2,445 / 2,531 |
| Participants with account balances | 703 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Smith and Howard |
Largest service providers (Schedule C)
| Paychex, Inc. | $21,136 reported compensation |
| Kestra Advisory Services, LLC | $20,213 reported compensation |
| Erisa Fiduciary Services, Inc. | $7,965 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015143621NAL0002464595001, received 2025-10-15, EIN 81-3209892, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.