All Metro Health Care 401(k) Review & Grade
All Metro Health Care 401(k) Profit Sharing Plan and Trust
Valley Stream, NYHealth Care & Social Assistance19,354 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$182Employer $ per active participant
$292Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$34.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.1 / 5020th percentile for employer $ per participant
- Low cost1.0 / 254th percentile for low admin cost vs. same-size plans
- Employee saving1.2 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score5 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 4th |
| Employee saving | 8th |
| Peers that auto-enroll | 52% |
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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 ($39,909 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- All Metro Health Care put in about $182 per active participant, below the typical peer ($2,086). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.49% of assets) are well above similar-size plans (0.09%). 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 | $3,516,894 |
| Participant (employee) contributions | $5,650,210 |
| Other contributions (incl. rollovers in) | $333,648 |
| Administrative expenses paid from the plan | $155,384 |
| Benefits paid out | $4,930,910 |
| Net assets, start / end of year | $29.7M / $34.1M |
| Active participants, start / end of year | 19,587 / 19,122 |
| Participants with account balances | 2,619 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $155,383 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260108050159NAL0008553601001, received 2026-01-08, EIN 84-1623916, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.