George M. Leader Family Corporation 401(k) Review & Grade
Country Meadows 401(k) Retirement Plan
Hershey, PAHealth Care & Social Assistance1,856 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$370Employer $ per active participant
$1,248Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$40.5MNet plan assets, end of year
$29,845Average balance per account
Score breakdown
- Employer generosity14.3 / 5029th percentile for employer $ per participant
- Low cost17.2 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 69th |
| Employee saving | 28th |
| 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 ($378,031 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $40,470 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- George M. Leader Family put in about $370 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.
- 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.
- 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 | $686,181 |
| Participant (employee) contributions | $2,317,658 |
| Other contributions (incl. rollovers in) | $393,421 |
| Administrative expenses paid from the plan | $48,364 |
| Contract administrator fees | $48,364 |
| Benefits paid out | $5,959,519 |
| Net assets, start / end of year | $38.5M / $40.5M |
| Active participants, start / end of year | 1,805 / 1,908 |
| Participants with account balances | 1,356 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RKL LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance and Annui | $19,557 reported compensation |
| Ascensus | $19,065 reported compensation |
| Morningstar | $5,790 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009171321NAL0007371201001, received 2025-10-09, EIN 23-2212623, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.