Vna Care Network, Inc. 401(k) Review & Grade
401(k) Profit Sharing Plan of Vna Care Network, Inc.
Worcester, MAHealth Care & Social Assistance734 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$624Employer $ per active participant
$2,821Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$59.0MNet plan assets, end of year
$68,173Average balance per account
Score breakdown
- Employer generosity19.9 / 5040th percentile for employer $ per participant
- Low cost24.1 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score55 / 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 | 96th |
| Employee saving | 54th |
| 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
- Vna Care Network put in about $624 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.
- 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 | $457,893 |
| Participant (employee) contributions | $2,069,029 |
| Other contributions (incl. rollovers in) | $1,212,745 |
| Administrative expenses paid from the plan | $9,126 |
| Other admin expenses | $9,126 |
| Benefits paid out | $7,058,494 |
| Net assets, start / end of year | $54.6M / $59.0M |
| Active participants, start / end of year | 741 / 726 |
| Participants with account balances | 865 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdmp Assurance, LLP |
Largest service providers (Schedule C)
| Mutual of America Investment Corp | $9,126 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260317113536NAL0002151825001, received 2026-03-17, EIN 04-2103825, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.