Atc Healthcare Services, Inc. 401(k) Review & Grade
Atc Healthcare Services, Inc. 401(k) Plan
Lake Success, NYHealth Care & Social Assistance5,806 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$6Employer $ per active participant
$57Employee $ saved per active participant
3.56%Direct admin cost, % of plan assets
$2.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.1 / 5010th percentile for employer $ per participant
- Low cost0.0 / 250th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 0th |
| Employee saving | 2th |
| Peers that auto-enroll | 38% |
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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
- Atc Healthcare Services put in about $6 per active participant, below the typical peer ($800). 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 (3.56% of assets) are well above similar-size plans (0.12%). 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 | $35,341 |
| Participant (employee) contributions | $332,155 |
| Other contributions (incl. rollovers in) | $20,577 |
| Administrative expenses paid from the plan | $85,741 |
| Benefits paid out | $446,768 |
| Net assets, start / end of year | $2.3M / $2.5M |
| Active participants, start / end of year | 5,269 / 6,344 |
| Participants with account balances | 112 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250430133937NAL0001928721001, received 2025-04-30, EIN 58-1642356, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.