Emerald Healthcare, LLC 401(k) Review & Grade
Emerald Healthcare, LLC 401(k) Plan
Valley Stream, NYHealth Care & Social Assistance6,036 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$15Employer $ per active participant
$93Employee $ saved per active participant
2.12%Direct admin cost, % of plan assets
$3.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.3 / 5013th percentile for employer $ per participant
- Low cost0.2 / 251th percentile for low admin cost vs. same-size plans
- Employee saving0.7 / 155th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 1th |
| Employee saving | 5th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $37,024 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Emerald Healthcare put in about $15 per active participant, below the typical peer ($800). 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 (2.12% of assets) are well above similar-size plans (0.12%). 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 | $92,729 |
| Participant (employee) contributions | $558,634 |
| Other contributions (incl. rollovers in) | $412,047 |
| Administrative expenses paid from the plan | $55,271 |
| Contract administrator fees | $55,271 |
| Benefits paid out | $124,008 |
| Net assets, start / end of year | $2.1M / $3.2M |
| Active participants, start / end of year | 5,383 / 6,688 |
| Participants with account balances | 173 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $49,270 reported compensation |
| Side by Side Financials Inc. | $7,328 reported compensation |
| Orenda Retirement LLC | $6,961 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015073612NAL0008534546001, received 2025-10-15, EIN 30-0961801, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.