Home/life Services Inc. 401(k) Review & Grade
Home/life Services Inc. 401(k) Retirement Plan
Brooklyn, NYHealth Care & Social Assistance600 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$680Employer $ per active participant
$1,110Employee $ saved per active participant
1.78%Direct admin cost, % of plan assets
$4.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity20.8 / 5042th percentile for employer $ per participant
- Low cost0.4 / 252th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-5 pts1 issue reported on the filing
Total score20 / 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 | 42th |
| Lower admin cost | 2th |
| Employee saving | 24th |
| Peers that auto-enroll | 36% |
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
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Home/life Services put in about $680 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 (1.78% 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 | $407,707 |
| Participant (employee) contributions | $665,438 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $62,508 |
| Investment advisory & management fees | $16,996 |
| Benefits paid out | $496,163 |
| Net assets, start / end of year | $3.1M / $4.0M |
| Active participants, start / end of year | 492 / 707 |
| Participants with account balances | 234 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Michael J. Maresco, CPA |
Largest service providers (Schedule C)
| RPG Consultants | $43,271 reported compensation |
| Complete Advisors | $16,996 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260413164122NAL0018371648001, received 2026-04-13, EIN 13-3899699, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.