MJH Healthcare Holdings, LLC 401(k) Review & Grade
MJH Healthcare Holdings, LLC 401k Plan
Cranbury, NJWholesale Trade870 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,243Employer $ per active participant
$5,916Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$40.1MNet plan assets, end of year
$54,805Average balance per account
Score breakdown
- Employer generosity16.2 / 5032th percentile for employer $ per participant
- Low cost8.2 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 33th |
| Employee saving | 67th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,738 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- MJH Healthcare Holdings put in about $1,243 per active participant, below the typical peer ($1,792). 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 (0.37% 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 | $1,081,388 |
| Participant (employee) contributions | $5,146,884 |
| Other contributions (incl. rollovers in) | $172,863 |
| Administrative expenses paid from the plan | $131,220 |
| Contract administrator fees | $81,332 |
| Investment advisory & management fees | $49,888 |
| Benefits paid out | $4,114,944 |
| Net assets, start / end of year | $29.9M / $40.1M |
| Active participants, start / end of year | 897 / 843 |
| Participants with account balances | 732 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withumsmith +brown, PC |
Largest service providers (Schedule C)
| Newport Group, Inc. | $81,332 reported compensation |
| PNC Institutional Asset Management | $47,752 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015151849NAL0004967745001, received 2025-10-15, EIN 32-0578672, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.