Richard J. Caron Foundation 401(k) Review & Grade
Safe-Harbor 401(k) Profit Sharing Plan for Employees of Richard J. Caron Foundation
Wernersville, PAHealth Care & Social Assistance662 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,178Employer $ per active participant
$4,115Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$61.0MNet plan assets, end of year
$54,937Average balance per account
Score breakdown
- Employer generosity36.7 / 5073th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 96th |
| Employee saving | 70th |
| 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
- Richard J. Caron Foundation put in about $2,178 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,441,580 |
| Participant (employee) contributions | $2,724,025 |
| Other contributions (incl. rollovers in) | $776,138 |
| Administrative expenses paid from the plan | $10,578 |
| Investment advisory & management fees | $10,578 |
| Benefits paid out | $7,472,845 |
| Net assets, start / end of year | $56.0M / $61.0M |
| Active participants, start / end of year | 676 / 648 |
| Participants with account balances | 1,111 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RKL LLP |
Largest service providers (Schedule C)
| Mutual of America Investment Corp | $10,578 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801100711NAL0003144243001, received 2025-08-01, EIN 23-6050680, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.