ST. Johns Health Care Corp. 401(k) Review & Grade
ST. John's Health Care Corp. 401(k) Plan
Rochester, NYHealth Care & Social Assistance645 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$789Employer $ per active participant
$3,021Employee $ saved per active participant
0.65%Direct admin cost, % of plan assets
$20.2MNet plan assets, end of year
$25,568Average balance per account
Score breakdown
- Employer generosity22.6 / 5045th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 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 | 45th |
| Lower admin cost | 15th |
| Employee saving | 56th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $16,690 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- ST. Johns Health Care put in about $789 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.
- Direct plan expenses (0.65% 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.
- 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 | $509,105 |
| Participant (employee) contributions | $1,948,225 |
| Other contributions (incl. rollovers in) | $7,836 |
| Administrative expenses paid from the plan | $125,008 |
| Investment advisory & management fees | $45,200 |
| Benefits paid out | $2,620,250 |
| Net assets, start / end of year | $18.2M / $20.2M |
| Active participants, start / end of year | 644 / 646 |
| Participants with account balances | 791 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bonadio & Co. LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $79,808 reported compensation |
| Alesco Advisors LLC | $45,200 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015063301NAL0002017651001, received 2025-10-15, EIN 16-1469476, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.