Personal Touch Home Care of Ny., Inc. 401(k) Review & Grade
Personal Touch 401(k) Plan
Lake Success, NYHealth Care & Social Assistance1,612 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$54Employer $ per active participant
$523Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$17.8MNet plan assets, end of year
$15,824Average balance per account
Score breakdown
- Employer generosity6.3 / 5013th percentile for employer $ per participant
- Low cost16.9 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score28 / 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 | 13th |
| Lower admin cost | 68th |
| Employee saving | 12th |
| 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
- Personal Touch Home Care of Ny. put in about $54 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.
- 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.
- 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 | $87,423 |
| Participant (employee) contributions | $842,760 |
| Other contributions (incl. rollovers in) | $198,479 |
| Administrative expenses paid from the plan | $22,745 |
| Contract administrator fees | $22,745 |
| Benefits paid out | $2,702,995 |
| Net assets, start / end of year | $17.6M / $17.8M |
| Active participants, start / end of year | 1,706 / 1,519 |
| Participants with account balances | 1,128 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Efpr Group |
Largest service providers (Schedule C)
| Securities America, Inc | $25,656 reported compensation |
| Principal Life Insurance Company | $22,745 reported compensation |
| Osaic Wealth Inc | $8,883 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014111041NAL0003748512001, received 2025-10-14, EIN 11-2339876, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.