Helio Health, Inc. 401(k) Review & Grade
Helio Health, Inc. Savings and Retirement Plan
Syracuse, NYHealth Care & Social Assistance1,024 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,511Employer $ per active participant
$2,331Employee $ saved per active participant
0.94%Direct admin cost, % of plan assets
$22.0MNet plan assets, end of year
$32,884Average balance per account
Score breakdown
- Employer generosity31.0 / 5062th percentile for employer $ per participant
- Low cost1.8 / 257th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score43 / 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 | 62th |
| Lower admin cost | 7th |
| Employee saving | 46th |
| Peers that auto-enroll | 36% |
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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
- Helio Health put in about $1,511 per active participant, more than the typical peer ($976). 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 (0.94% 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 | $1,547,009 |
| Participant (employee) contributions | $2,387,041 |
| Other contributions (incl. rollovers in) | $289,971 |
| Administrative expenses paid from the plan | $194,383 |
| Benefits paid out | $3,714,754 |
| Net assets, start / end of year | $19.1M / $22.0M |
| Active participants, start / end of year | 979 / 1,069 |
| Participants with account balances | 670 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bonadio & Co., LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $182,158 reported compensation |
| Cambridge Investment Research | $81,777 reported compensation |
| Actuarial Pension Analysts, Inc. | $12,225 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013100948NAL0001080625001, received 2025-10-13, EIN 15-0532288, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.