Restore Therapy Services LTD 401(k) Review & Grade
Restore Management 401k Plan
Pelham, ALHealth Care & Social Assistance558 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$471Employer $ per active participant
$3,008Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$34.8MNet plan assets, end of year
$55,528Average balance per account
Score breakdown
- Employer generosity16.9 / 5034th percentile for employer $ per participant
- Low cost9.5 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score25 / 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 | 34th |
| Lower admin cost | 38th |
| Employee saving | 56th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($70,053 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $15,876 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Restore Therapy Services put in about $471 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.
- 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 | $263,030 |
| Participant (employee) contributions | $1,679,754 |
| Other contributions (incl. rollovers in) | $31,181 |
| Administrative expenses paid from the plan | $108,294 |
| Investment advisory & management fees | $48,218 |
| Benefits paid out | $3,883,457 |
| Net assets, start / end of year | $32.8M / $34.8M |
| Active participants, start / end of year | 530 / 587 |
| Participants with account balances | 626 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kassouf & Company |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $60,076 reported compensation |
| Waverly Advisors LLC | $48,218 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008111158NAL0005455185001, received 2025-10-08, EIN 06-1727611, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.