The Center for Discovery, Inc. 401(k) Review & Grade
The Center for Discovery Retirement Plan
Harris, NYHealth Care & Social Assistance1,572 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$634Employer $ per active participant
$2,062Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$73.3MNet plan assets, end of year
$43,173Average balance per account
Score breakdown
- Employer generosity20.1 / 5040th percentile for employer $ per participant
- Low cost12.0 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 48th |
| Employee saving | 42th |
| Peers that auto-enroll | 36% |
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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
- Center for Discovery put in about $634 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.
- 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.
- 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 | $995,669 |
| Participant (employee) contributions | $3,240,131 |
| Other contributions (incl. rollovers in) | $128,224 |
| Administrative expenses paid from the plan | $173,547 |
| Investment advisory & management fees | $44,112 |
| Benefits paid out | $8,721,281 |
| Net assets, start / end of year | $68.6M / $73.3M |
| Active participants, start / end of year | 1,591 / 1,552 |
| Participants with account balances | 1,698 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA , P.C. |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $129,435 reported compensation |
| Cetera Advisor Networks LLC | $29,322 reported compensation |
| Long Island Employee Benefits Group | $14,790 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009075628NAL0003408051001, received 2025-10-09, EIN 14-1395426, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.