Developmental Disabilities Institute, Inc. 401(k) Review & Grade
Developmental Disabilities Institute, Inc. 403(b) Plan
Smithtown, NYEducational Services2,274 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,603Employer $ per active participant
$940Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$48.7MNet plan assets, end of year
$20,956Average balance per account
Score breakdown
- Employer generosity30.4 / 5061th percentile for employer $ per participant
- Low cost7.4 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving1.4 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 30th |
| Employee saving | 9th |
| Peers that auto-enroll | 37% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Developmental Disabilities Institute put in about $1,603 per active participant, more than the typical peer ($1,225). 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 (0.41% 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 | $3,644,635 |
| Participant (employee) contributions | $2,137,842 |
| Other contributions (incl. rollovers in) | $148,935 |
| Administrative expenses paid from the plan | $183,198 |
| Investment advisory & management fees | $120,774 |
| Benefits paid out | $3,431,074 |
| Net assets, start / end of year | $40.9M / $48.7M |
| Active participants, start / end of year | 2,233 / 2,315 |
| Participants with account balances | 2,323 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA P.C. |
Largest service providers (Schedule C)
| Empower Annuity Ins. Co of America | $183,198 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015121756NAL0002275587001, received 2025-10-15, EIN 11-6077347, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.