Blue Line Agency LLC 401(k) Review & Grade
Blue Line Agency 401(k) Plan
Brooklyn, NYHealth Care & Social Assistance1,184 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$2Employer $ per active participant
$48Employee $ saved per active participant
6.04%Direct admin cost, % of plan assets
$89,719Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.9 / 508th percentile for employer $ per participant
- Low cost0.0 / 250th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score4 / 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 | 8th |
| Lower admin cost | 0th |
| Employee saving | 2th |
| Peers that auto-enroll | 36% |
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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
- Blue Line Agency put in about $2 per active participant, below the typical peer ($976). 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 (6.04% 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.
- 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 | $2,887 |
| Participant (employee) contributions | $57,151 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $3,717 |
| Benefits paid out | $6,318 |
| Net assets, start / end of year | $33,435 / $89,719 |
| Active participants, start / end of year | 1,065 / 1,302 |
| Participants with account balances | 27 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250918123213NAL0003142322001, received 2025-09-18, EIN 46-3668961, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.