Stern Therapy Consultants, LLC 401(k) Review & Grade
Stern Therapy Consultants, LLC 401(k) Plan
Pomona, NYHealth Care & Social Assistance2,214 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$58Employer $ per active participant
$363Employee $ saved per active participant
0.81%Direct admin cost, % of plan assets
$3.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.4 / 5013th percentile for employer $ per participant
- Low cost2.4 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-8 pts2 issues reported on the filing
Total score2 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 10th |
| 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.
Corrective distributions: the plan refunded $629 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Stern Therapy Consultants put in about $58 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 (0.81% 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 | $128,702 |
| Participant (employee) contributions | $803,974 |
| Other contributions (incl. rollovers in) | $768,836 |
| Administrative expenses paid from the plan | $21,937 |
| Investment advisory & management fees | $21,937 |
| Benefits paid out | $166,439 |
| Net assets, start / end of year | $1.8M / $3.6M |
| Active participants, start / end of year | 1,968 / 2,460 |
| Participants with account balances | 203 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Alan Goodman, CPA PC |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930150635NAL0013413280001, received 2025-09-30, EIN 46-3265648, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.