Acacia Network Housing, Inc. 401(k) Review & Grade
Acacia Network Housing, Inc. 401(k) Plan
Bronx, NYHealth Care & Social Assistance1,008 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,221Employer $ per active participant
$2,237Employee $ saved per active participant
0.95%Direct admin cost, % of plan assets
$12.6MNet plan assets, end of year
$5,801Average balance per account
Score breakdown
- Employer generosity28.0 / 5056th percentile for employer $ per participant
- Low cost1.8 / 257th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score44 / 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 | 56th |
| Lower admin cost | 7th |
| Employee saving | 45th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $544 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Acacia Network Housing put in about $1,221 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 (0.95% 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 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 | $1,231,387 |
| Participant (employee) contributions | $2,255,628 |
| Other contributions (incl. rollovers in) | $39,324 |
| Administrative expenses paid from the plan | $109,906 |
| Investment advisory & management fees | $24,462 |
| Benefits paid out | $2,445,635 |
| Net assets, start / end of year | $10.4M / $12.6M |
| Active participants, start / end of year | 1,021 / 996 |
| Participants with account balances | 2,174 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Withum Smith Brown PC |
Largest service providers (Schedule C)
| Adp, Inc. | $100,507 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015122129NAL0006054656001, received 2025-10-15, EIN 26-0076866, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.