The Jewish Home for the Elderly of Fairfield County, Inc. 401(k) Review & Grade
The Jewish Home Retirement Savings Plan
Bridgeport, CTHealth Care & Social Assistance793 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,204Employer $ per active participant
$2,525Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$32.0MNet plan assets, end of year
$49,707Average balance per account
Score breakdown
- Employer generosity27.7 / 5055th percentile for employer $ per participant
- Low cost5.6 / 2523th 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-13 pts2 issues reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 23th |
| Employee saving | 50th |
| 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 ($55,400 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $297 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jewish Home for the Elderly of Fairfield County put in about $1,204 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 (0.51% 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 | $954,779 |
| Participant (employee) contributions | $2,002,549 |
| Other contributions (incl. rollovers in) | $92,885 |
| Administrative expenses paid from the plan | $154,693 |
| Contract administrator fees | $9,664 |
| Other admin expenses | $3,216 |
| Benefits paid out | $2,744,391 |
| Net assets, start / end of year | $28.8M / $32.0M |
| Active participants, start / end of year | 786 / 800 |
| Participants with account balances | 644 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| John Hancock USA | $6,720 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015084317NAL0005702608001, received 2025-10-15, EIN 06-0846991, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.