Atlas Healthcare, LLC 401(k) Review & Grade
Atlas Healthcare, LLC 401k Plan
Toms River, NJHealth Care & Social Assistance3,232 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$138Employer $ per active participant
$700Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$27.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.2 / 5026th percentile for employer $ per participant
- Low cost6.1 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score25 / 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 | 26th |
| Lower admin cost | 25th |
| Employee saving | 20th |
| Peers that auto-enroll | 38% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Atlas Healthcare put in about $138 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 (0.28% 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 | $445,862 |
| Participant (employee) contributions | $2,263,106 |
| Other contributions (incl. rollovers in) | $1,840,228 |
| Administrative expenses paid from the plan | $66,430 |
| Investment advisory & management fees | $6,383 |
| Other admin expenses | $14,100 |
| Benefits paid out | $2,342,382 |
| Net assets, start / end of year | $19.3M / $27.5M |
| Active participants, start / end of year | 2,778 / 3,685 |
| Participants with account balances | 637 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Levine & Associates |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $35,947 reported compensation |
| National Financial Services LLC | $14,175 reported compensation |
| Parkwood Associates Inc. | $13,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006102617NAL0001988723001, received 2025-10-06, EIN 84-2084149, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.