All American Homecare Agency Inc 401(k) Review & Grade
All American Homecare Agency Inc 401(k) Plan
New York, NYHealth Care & Social Assistance2,752 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$823Employer $ per active participant
$89Employee $ saved per active participant
1.22%Direct admin cost, % of plan assets
$20.1MNet plan assets, end of year
$6,572Average balance per account
Score breakdown
- Employer generosity25.1 / 5050th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score30 / 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 | 50th |
| Lower admin cost | 3th |
| Employee saving | 4th |
| Peers that auto-enroll | 38% |
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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
- All American Homecare Agency put in about $823 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 (1.22% 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 | $2,263,788 |
| Participant (employee) contributions | $244,346 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $230,254 |
| Investment advisory & management fees | $25,586 |
| Benefits paid out | $1,811,344 |
| Net assets, start / end of year | $17.7M / $20.1M |
| Active participants, start / end of year | 2,697 / 2,806 |
| Participants with account balances | 3,063 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA. P.C. |
Largest service providers (Schedule C)
| Adp, Inc. | $204,667 reported compensation |
| Bdo USA , LLP | $25,586 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008051739NAL0003049427001, received 2025-10-08, EIN 45-3181547, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.