Cityblock Health, Inc 401(k) Review & Grade
Cityblock 401(k) Plan
Brooklyn, NYHealth Care & Social Assistance728 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$11Employer $ per active participant
$8,583Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$27.5MNet plan assets, end of year
$22,783Average balance per account
Score breakdown
- Employer generosity4.6 / 509th percentile for employer $ per participant
- Low cost6.3 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-20 pts2 issues reported on the filing
Total score15 / 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 | 9th |
| Lower admin cost | 25th |
| Employee saving | 96th |
| 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 ($871,462 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Cityblock Health put in about $11 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 (0.46% 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $8,181 |
| Participant (employee) contributions | $6,248,219 |
| Other contributions (incl. rollovers in) | $1,153,677 |
| Administrative expenses paid from the plan | $115,122 |
| Contract administrator fees | $300 |
| Benefits paid out | $5,145,779 |
| Net assets, start / end of year | $22.1M / $27.5M |
| Active participants, start / end of year | 792 / 664 |
| Participants with account balances | 1,207 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $115,122 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250821100919NAL0002019971001, received 2025-08-21, EIN 82-2839581, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.