L.woerner, Inc. D/B/A HCR Home C 401(k) Review & Grade
HCR Home Care Savings and Profit Sharing Plan
Rochester, NYHealth Care & Social Assistance643 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$73Employer $ per active participant
$2,527Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$18.2MNet plan assets, end of year
$41,835Average balance per account
Score breakdown
- Employer generosity6.8 / 5014th percentile for employer $ per participant
- Low cost6.4 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score14 / 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 | 25th |
| Employee saving | 50th |
| 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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($177 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- L.woerner, Inc. D/B/A HCR Home C put in about $73 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 (0.46% 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.
- 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 | $47,126 |
| Participant (employee) contributions | $1,624,799 |
| Other contributions (incl. rollovers in) | $209,414 |
| Administrative expenses paid from the plan | $79,629 |
| Investment advisory & management fees | $23,582 |
| Benefits paid out | $1,989,832 |
| Net assets, start / end of year | $16.2M / $18.2M |
| Active participants, start / end of year | 654 / 632 |
| Participants with account balances | 435 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Dopkins and Company |
Largest service providers (Schedule C)
| Adp, Inc. | $56,047 reported compensation |
| Securities America, Inc. | $13,451 reported compensation |
| Wilmington Trust, National Associat | $7,867 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014054750NAL0002173297001, received 2025-10-14, EIN 16-1108008, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.