Post Acute Partners, LLC 401(k) Review & Grade
Post Acute Partners Retirement Plan
New York, NYHealth Care & Social Assistance4,570 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$222Employer $ per active participant
$1,195Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$63.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity15.4 / 5031th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1530th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 37th |
| Employee saving | 30th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $89,972 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Post Acute Partners put in about $222 per active participant, below the typical peer ($800). 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 (0.19% of assets) are well above similar-size plans (0.12%). 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 | $1,016,319 |
| Participant (employee) contributions | $5,458,552 |
| Other contributions (incl. rollovers in) | $1,307,570 |
| Administrative expenses paid from the plan | $115,674 |
| Investment advisory & management fees | $50,000 |
| Benefits paid out | $10,743,637 |
| Net assets, start / end of year | $59.6M / $63.1M |
| Active participants, start / end of year | 4,378 / 4,761 |
| Participants with account balances | 1,487 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bonadio & Co., LLP. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $77,283 reported compensation |
| Morgan Stanley | $50,000 reported compensation |
| Bonadio & Co LLP | $6,775 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003132807NAL0001458721001, received 2025-10-03, EIN 27-3027795, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.