Affinity Hospice Management LLC 401(k) Review & Grade
Affinity Hospice Management LLC 401(k) Plan
Brooklyn, NYHealth Care & Social Assistance608 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$993Employer $ per active participant
$2,017Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$4.3MNet plan assets, end of year
$11,624Average balance per account
Score breakdown
- Employer generosity25.3 / 5051th percentile for employer $ per participant
- Low cost6.6 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 26th |
| Employee saving | 42th |
| 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 ($153,904 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $99,383 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Affinity Hospice Management put in about $993 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 (0.45% 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 | $604,442 |
| Participant (employee) contributions | $1,227,328 |
| Other contributions (incl. rollovers in) | $329,736 |
| Administrative expenses paid from the plan | $14,371 |
| Investment advisory & management fees | $14,371 |
| Benefits paid out | $204,728 |
| Net assets, start / end of year | $2.1M / $4.3M |
| Active participants, start / end of year | 514 / 703 |
| Participants with account balances | 367 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Fasten Halberstam LLP |
Largest service providers (Schedule C)
| Human Interest Advisor LLC | $14,364 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905150147NAL0010417763001, received 2025-09-05, EIN 47-2507505, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.