Serv Behavioral Health System, Inc. 401(k) Review & Grade
Serv Behavioral Health System 401(k) Retirement Plan
Hamilton, NJHealth Care & Social Assistance632 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,823Employer $ per active participant
$2,476Employee $ saved per active participant
0.67%Direct admin cost, % of plan assets
$27.6MNet plan assets, end of year
$40,456Average balance per account
Score breakdown
- Employer generosity33.9 / 5068th percentile for employer $ per participant
- Low cost3.6 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 14th |
| Employee saving | 49th |
| 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
- Serv Behavioral Health System put in about $1,823 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.
- Direct plan expenses (0.67% 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 | $1,151,231 |
| Participant (employee) contributions | $1,563,898 |
| Other contributions (incl. rollovers in) | $56,069 |
| Administrative expenses paid from the plan | $176,367 |
| Contract administrator fees | $176,367 |
| Benefits paid out | $3,258,824 |
| Net assets, start / end of year | $25.3M / $27.6M |
| Active participants, start / end of year | 602 / 661 |
| Participants with account balances | 683 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen,llp |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $78,244 reported compensation |
| Newport Capital | $60,620 reported compensation |
| Ascensus | $59,384 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260415171611NAL0026628384001, received 2026-04-15, EIN 22-2090976, plan #002, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.