Emblemhealth Services Company LLC 401(k) Review & Grade
Emblemhealth Services Company, LLC 401(k) Plan
New York, NYFinance & Insurance1,634 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,314Employer $ per active participant
$7,827Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$377.7MNet plan assets, end of year
$152,622Average balance per account
Score breakdown
- Employer generosity34.5 / 5069th percentile for employer $ per participant
- Low cost21.8 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 87th |
| Employee saving | 58th |
| Peers that auto-enroll | 62% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Emblemhealth Services Company put in about $5,314 per active participant, more than the typical peer ($3,606). 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.
- 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 | $8,685,782 |
| Participant (employee) contributions | $12,793,798 |
| Other contributions (incl. rollovers in) | $2,823,652 |
| Administrative expenses paid from the plan | $182,584 |
| Investment advisory & management fees | $175,940 |
| Benefits paid out | $40,110,327 |
| Net assets, start / end of year | $344.0M / $377.7M |
| Active participants, start / end of year | 1,628 / 1,641 |
| Participants with account balances | 2,475 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, PC |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $175,940 reported compensation |
| Empower Annuity Insurance Company O | $6,644 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002154418NAL0001046736001, received 2025-10-02, EIN 26-1330097, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.