Labella Associates, D.P.C. 401(k) Review & Grade
Labella Associates Profit Sharing / 401(k) Plan
Rochester, NYProfessional, Scientific & Technical Services1,885 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,529Employer $ per active participant
$7,773Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$182.5MNet plan assets, end of year
$103,451Average balance per account
Score breakdown
- Employer generosity13.6 / 5027th percentile for employer $ per participant
- Low cost18.2 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 73th |
| Employee saving | 40th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,919 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Labella Associates, D.P.C. put in about $1,529 per active participant, below the typical peer ($3,082). 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 | $2,882,530 |
| Participant (employee) contributions | $14,651,979 |
| Other contributions (incl. rollovers in) | $1,997,718 |
| Administrative expenses paid from the plan | $175,381 |
| Investment advisory & management fees | $149,171 |
| Benefits paid out | $13,008,793 |
| Net assets, start / end of year | $150.0M / $182.5M |
| Active participants, start / end of year | 1,844 / 1,926 |
| Participants with account balances | 1,764 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mengel Metzger Barr & Co. LLP |
Largest service providers (Schedule C)
| The Waterford Group, LLC | $149,171 reported compensation |
| Adp, Inc. | $26,210 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260812103020NAL0008544193001, received 2026-08-12, EIN 16-1115731, plan #002, plan year 2024-11-01 to 2025-10-31. Verify at efast.dol.gov.