Visting Nurse Service of New York 401(k) Review & Grade
VNS Health Retirement Savings Plan
New York, NYHealth Care & Social Assistance3,680 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,325Employer $ per active participant
$7,017Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$290.6MNet plan assets, end of year
$64,870Average balance per account
Score breakdown
- Employer generosity45.0 / 5090th percentile for employer $ per participant
- Low cost22.4 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 90th |
| Employee saving | 88th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,973 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Visting Nurse Service of New York put in about $4,325 per active participant, more than the typical peer ($800). 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 | $15,914,338 |
| Participant (employee) contributions | $25,818,878 |
| Other contributions (incl. rollovers in) | $3,782,805 |
| Administrative expenses paid from the plan | $79,444 |
| Investment advisory & management fees | $125 |
| Benefits paid out | $22,313,650 |
| Net assets, start / end of year | $236.2M / $290.6M |
| Active participants, start / end of year | 3,647 / 3,712 |
| Participants with account balances | 4,480 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $79,264 reported compensation |
| Empower Financial Services, Inc. | $125 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009151449NAL0006787089001, received 2025-10-09, EIN 13-3189926, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.