Heath Village 401(k) Review & Grade
403(b) Thrift Plan for Employees of Heath Village
Hackettstown, NJHealth Care & Social Assistance530 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$126Employer $ per active participant
$727Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$12.8MNet plan assets, end of year
$43,340Average balance per account
Score breakdown
- Employer generosity8.5 / 5017th percentile for employer $ per participant
- Low cost24.3 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score38 / 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 | 17th |
| Lower admin cost | 97th |
| Employee saving | 16th |
| Peers that auto-enroll | 36% |
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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Heath Village put in about $126 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.
- 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 | $66,628 |
| Participant (employee) contributions | $385,484 |
| Other contributions (incl. rollovers in) | $5,542,881 |
| Administrative expenses paid from the plan | $1,165 |
| Benefits paid out | $213,918 |
| Net assets, start / end of year | $6.2M / $12.8M |
| Active participants, start / end of year | 475 / 585 |
| Participants with account balances | 296 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250602115009NAL0017578128001, received 2025-06-02, EIN 22-1717575, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.