Genesis Administrative Services LLC 401(k) Review & Grade
Genesis Administrative Services 401(k) Plan #2
Kennett Square, PAHealth Care & Social Assistance14,408 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7Employer $ per active participant
$337Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$85.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.9 / 508th percentile for employer $ per participant
- Low cost7.5 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 30th |
| Employee saving | 9th |
| Peers that auto-enroll | 52% |
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
Corrective distributions: the plan refunded $1,534 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Genesis Administrative Services put in about $7 per active participant, below the typical peer ($2,086). 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 (0.14% of assets) are well above similar-size plans (0.09%). 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 | $99,033 |
| Participant (employee) contributions | $4,849,771 |
| Other contributions (incl. rollovers in) | $411,930 |
| Administrative expenses paid from the plan | $120,481 |
| Investment advisory & management fees | $56,250 |
| Other admin expenses | $1,813 |
| Benefits paid out | $14,697,285 |
| Net assets, start / end of year | $84.9M / $85.5M |
| Active participants, start / end of year | 14,251 / 14,565 |
| Participants with account balances | 3,739 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Capfinancial Partners LLC DBA Captr | $56,250 reported compensation |
| Empower Annuity Insurance Company O | $40,367 reported compensation |
| Eisneramper LLP | $22,050 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251030085938NAL0001883633001, received 2025-10-30, EIN 30-0847166, plan #007, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.