Acts Retirement - Life Communities, Inc. 401(k) Review & Grade
Acts Retirement - Life Communities, Inc. Retirement Savings Plan - 401(k)
FT Washington, PAHealth Care & Social Assistance5,980 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,240Employer $ per active participant
$2,592Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$227.0MNet plan assets, end of year
$43,929Average balance per account
Score breakdown
- Employer generosity28.3 / 5057th percentile for employer $ per participant
- Low cost7.8 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 31th |
| Employee saving | 48th |
| Peers that auto-enroll | 38% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $414 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Acts Retirement - Life Communities put in about $1,240 per active participant, more than the typical peer ($800). 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 (0.22% of assets) are well above similar-size plans (0.12%). 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 | $7,415,428 |
| Participant (employee) contributions | $15,502,007 |
| Other contributions (incl. rollovers in) | $2,188,240 |
| Administrative expenses paid from the plan | $465,176 |
| Investment advisory & management fees | $59,267 |
| Benefits paid out | $18,888,331 |
| Net assets, start / end of year | $195.7M / $227.0M |
| Active participants, start / end of year | 5,772 / 6,188 |
| Participants with account balances | 5,167 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $405,909 reported compensation |
| Mma Securities | $59,267 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010132513NAL0012674096001, received 2025-10-10, EIN 23-1900132, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.