The Home for Little Wanderers, Inc. 401(k) Review & Grade
The Home for Little Wanderers Retirement Savings Plan
Boston, MAHealth Care & Social Assistance790 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,523Employer $ per active participant
$4,182Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$42.1MNet plan assets, end of year
$35,218Average balance per account
Score breakdown
- Employer generosity31.1 / 5062th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score58 / 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 | 62th |
| Lower admin cost | 44th |
| Employee saving | 71th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Home for Little Wanderers put in about $1,523 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $1,202,752 |
| Participant (employee) contributions | $3,301,571 |
| Other contributions (incl. rollovers in) | $231,321 |
| Administrative expenses paid from the plan | $105,662 |
| Contract administrator fees | $105,662 |
| Benefits paid out | $2,515,946 |
| Net assets, start / end of year | $35.5M / $42.1M |
| Active participants, start / end of year | 757 / 822 |
| Participants with account balances | 1,195 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Kahn, Litwin, Renza & Co., LTD. |
Largest service providers (Schedule C)
| Stancorp Financial Group | $105,611 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929145010NAL0005095651001, received 2025-09-29, EIN 04-2104764, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.