Engel Burman Senior Housing at East Meadow, Inc. 401(k) Review & Grade
Engel Burman Senior Housing 401(k) Plan
Ronkonkoma, NYHealth Care & Social Assistance2,595 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$468Employer $ per active participant
$2,056Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$33.9MNet plan assets, end of year
$17,205Average balance per account
Score breakdown
- Employer generosity21.1 / 5042th percentile for employer $ per participant
- Low cost3.1 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1543th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score28 / 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 | 42th |
| Lower admin cost | 12th |
| Employee saving | 43th |
| Peers that auto-enroll | 38% |
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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 ($1,042 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $211,638 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Engel Burman Senior Housing at East Meadow put in about $468 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 (0.51% 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.
- 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 | $1,215,437 |
| Participant (employee) contributions | $5,334,111 |
| Other contributions (incl. rollovers in) | $840,997 |
| Administrative expenses paid from the plan | $153,300 |
| Investment advisory & management fees | $25,714 |
| Benefits paid out | $2,845,703 |
| Net assets, start / end of year | $26.3M / $33.9M |
| Active participants, start / end of year | 2,562 / 2,628 |
| Participants with account balances | 1,968 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lilling & Company |
Largest service providers (Schedule C)
| Adp, Inc. | $128,282 reported compensation |
| Stonehill Fidcuciary Management | $25,017 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015065111NAL0004201329001, received 2025-10-15, EIN 11-3481326, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.