P.l.u.s. Group Homes, Inc. 401(k) Review & Grade
403(b) Thrift Plan for Employees of P.l.u.s. Group Homes, Inc.
Wantagh, NYHealth Care & Social Assistance712 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$325Employer $ per active participant
$338Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$9.3MNet plan assets, end of year
$25,627Average balance per account
Score breakdown
- Employer generosity13.7 / 5027th percentile for employer $ per participant
- Low cost21.8 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving1.0 / 157th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score42 / 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 | 27th |
| Lower admin cost | 87th |
| Employee saving | 7th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- P.l.u.s. Group Homes put in about $325 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.
- 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $231,522 |
| Participant (employee) contributions | $240,809 |
| Other contributions (incl. rollovers in) | $70,142 |
| Administrative expenses paid from the plan | $4,294 |
| Other admin expenses | $4,294 |
| Benefits paid out | $260,093 |
| Net assets, start / end of year | $7.8M / $9.3M |
| Active participants, start / end of year | 717 / 708 |
| Participants with account balances | 362 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Mutual of America Investment Corp | $6,260 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007181859NAL0002644899001, received 2025-10-07, EIN 11-2530267, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.