The Childsmiles Group, LLC 401(k) Review & Grade
Childsmiles Group 401(k) Profit Sharing Plan
Secaucus, NJHealth Care & Social Assistance932 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$494Employer $ per active participant
$2,217Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$13.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity17.4 / 5035th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score31 / 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 | 35th |
| Lower admin cost | 27th |
| Employee saving | 45th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,325 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Childsmiles Group put in about $494 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 (0.45% 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 | $460,764 |
| Participant (employee) contributions | $2,066,284 |
| Other contributions (incl. rollovers in) | $396,828 |
| Administrative expenses paid from the plan | $49,606 |
| Benefits paid out | $474,744 |
| Net assets, start / end of year | $9.2M / $13.1M |
| Active participants, start / end of year | 878 / 986 |
| Participants with account balances | 382 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | PKF O'connor Davies, LLP |
Largest service providers (Schedule C)
| Adp Inc | $49,606 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015093009NAL0002083139001, received 2025-10-15, EIN 46-4484591, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.