Jewish Home Lifecare, Manhattan 401(k) Review & Grade
Tnjh 401(k) Retirement Savings Plan
New York, NYHealth Care & Social Assistance1,109 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$450Employer $ per active participant
$3,115Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$47.5MNet plan assets, end of year
$56,794Average balance per account
Score breakdown
- Employer generosity16.3 / 5033th percentile for employer $ per participant
- Low cost6.6 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score32 / 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 | 33th |
| Lower admin cost | 26th |
| Employee saving | 58th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,078 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jewish Home Lifecare, Manhattan put in about $450 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.
- Direct plan expenses (0.45% 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 | $499,505 |
| Participant (employee) contributions | $3,454,223 |
| Other contributions (incl. rollovers in) | $74,521 |
| Administrative expenses paid from the plan | $205,543 |
| Contract administrator fees | $132,543 |
| Investment advisory & management fees | $73,000 |
| Benefits paid out | $3,673,274 |
| Net assets, start / end of year | $43.6M / $47.5M |
| Active participants, start / end of year | 1,135 / 1,083 |
| Participants with account balances | 836 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Lincoln National Corporation | $132,543 reported compensation |
| Onedigital Investment Advisors | $73,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003135811NAL0002416064001, received 2025-10-03, EIN 13-1624033, plan #007, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.