Pillar Care Continuum, Inc. 401(k) Review & Grade
Pillar Care Continuum 401(k) Retirement Plan
East Hanover, NJOther Services627 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,036Employer $ per active participant
$1,812Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$25.3MNet plan assets, end of year
$63,490Average balance per account
Score breakdown
- Employer generosity21.7 / 5043th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 68th |
| Employee saving | 38th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Pillar Care Continuum put in about $1,036 per active participant, below the typical peer ($1,257). 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 | $649,597 |
| Participant (employee) contributions | $1,135,900 |
| Other contributions (incl. rollovers in) | $184,399 |
| Administrative expenses paid from the plan | $30,321 |
| Contract administrator fees | $7,821 |
| Investment advisory & management fees | $22,500 |
| Benefits paid out | $2,146,771 |
| Net assets, start / end of year | $22.6M / $25.3M |
| Active participants, start / end of year | 647 / 607 |
| Participants with account balances | 398 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| American United Life Insurance Co | $48,899 reported compensation |
| Gallagher Fiduciary Advisors LLC | $22,500 reported compensation |
| Lincoln National Corporation | $1,495 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015222240NAL0003052339001, received 2025-10-15, EIN 22-6069076, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.