Cayuga Home for Children DBA C 401(k) Review & Grade
Safe-Harbor 401(k) Profit Sharing Plan for Employees of Cayuga Home for Children DBA Cayuga Centers
Auburn, NYOther Services1,006 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,081Employer $ per active participant
$2,267Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$21.2MNet plan assets, end of year
$16,009Average balance per account
Score breakdown
- Employer generosity33.9 / 5068th percentile for employer $ per participant
- Low cost20.1 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 81th |
| Employee saving | 44th |
| Peers that auto-enroll | 40% |
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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
- Cayuga Home for Children DBA C put in about $2,081 per active participant, more than the typical peer ($1,257). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,092,194 |
| Participant (employee) contributions | $2,279,786 |
| Other contributions (incl. rollovers in) | $257,590 |
| Administrative expenses paid from the plan | $14,265 |
| Other admin expenses | $14,265 |
| Benefits paid out | $3,326,907 |
| Net assets, start / end of year | $17.4M / $21.2M |
| Active participants, start / end of year | 980 / 1,031 |
| Participants with account balances | 1,323 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Dannible & Mckee, LLP |
Largest service providers (Schedule C)
| Mutual of America Investment Corp | $20,594 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015161125NAL0002728163001, received 2025-10-15, EIN 15-0532087, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.