Horizon Health Services, Inc 401(k) Review & Grade
The Horizon Corporations Retirement Plan
Getzville, NYOther Services820 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,365Employer $ per active participant
$2,959Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$45.8MNet plan assets, end of year
$58,751Average balance per account
Score breakdown
- Employer generosity41.7 / 5083th percentile for employer $ per participant
- Low cost24.1 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1557th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 97th |
| Employee saving | 57th |
| Peers that auto-enroll | 40% |
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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
- Horizon Health Services put in about $3,365 per active participant, more than the typical peer ($1,257). 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.
- 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 | $2,761,083 |
| Participant (employee) contributions | $2,428,016 |
| Other contributions (incl. rollovers in) | $777,474 |
| Administrative expenses paid from the plan | $6,248 |
| Contract administrator fees | $1,200 |
| Benefits paid out | $2,286,598 |
| Net assets, start / end of year | $37.2M / $45.8M |
| Active participants, start / end of year | 809 / 832 |
| Participants with account balances | 779 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Freed Maxick P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $6,248 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008144500NAL0009996544001, received 2025-10-08, EIN 16-6198498, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.