Suburban Home Health Care Services 401(k) Review & Grade
Suburban Home Health Care Services Group Retirement Plan
Boston, MAHealth Care & Social Assistance704 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$178Employer $ per active participant
$1,533Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$14.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.1 / 5020th percentile for employer $ per participant
- Low cost5.4 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1534th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score18 / 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 | 20th |
| Lower admin cost | 22th |
| Employee saving | 34th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,293 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Suburban Home Health Care Services put in about $178 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 (0.52% 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 | $125,468 |
| Participant (employee) contributions | $1,079,799 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $70,340 |
| Other admin expenses | $70,340 |
| Benefits paid out | $898,546 |
| Net assets, start / end of year | $12.6M / $14.4M |
| Active participants, start / end of year | 704 / 705 |
| Participants with account balances | 257 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer PLLC |
Largest service providers (Schedule C)
| Hightower Advisors, LLC | $20,112 reported compensation |
| The Pension Service | $9,116 reported compensation |
| Nationwide | $1,494 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250815081137NAL0029761266001, received 2025-08-15, EIN 04-2756127, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.