Lifeplan Cco Ny, LLC 401(k) Review & Grade
Lifeplan Cco 401(k) Retirement Plan
Utica, NYHealth Care & Social Assistance940 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,328Employer $ per active participant
$2,717Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$20.4MNet plan assets, end of year
$31,726Average balance per account
Score breakdown
- Employer generosity28.8 / 5058th percentile for employer $ per participant
- Low cost11.7 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
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 | 58th |
| Lower admin cost | 47th |
| Employee saving | 53th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($57,034 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Lifeplan Cco Ny put in about $1,328 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.
- 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,247,514 |
| Participant (employee) contributions | $2,552,684 |
| Other contributions (incl. rollovers in) | $1,235,198 |
| Administrative expenses paid from the plan | $43,862 |
| Contract administrator fees | $12,780 |
| Investment advisory & management fees | $31,082 |
| Benefits paid out | $951,169 |
| Net assets, start / end of year | $14.2M / $20.4M |
| Active participants, start / end of year | 888 / 991 |
| Participants with account balances | 643 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bonadio & Co., LLP. |
Largest service providers (Schedule C)
| Benefit Plans Administrative Svcs | $43,862 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014130210NAL0001385235001, received 2025-10-14, EIN 82-3070045, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.