Center for Family Services, Inc. 401(k) Review & Grade
Center for Family Services, Inc. 401(k) Salary Reduction Plan
Camden, NJHealth Care & Social Assistance1,507 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$580Employer $ per active participant
$1,274Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$23.6MNet plan assets, end of year
$25,905Average balance per account
Score breakdown
- Employer generosity19.2 / 5038th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 19th |
| Employee saving | 29th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,722 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Center for Family Services put in about $580 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.
- Direct plan expenses (0.58% of assets) are well above similar-size plans (0.23%). 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 | $873,355 |
| Participant (employee) contributions | $1,919,966 |
| Other contributions (incl. rollovers in) | $49,332 |
| Administrative expenses paid from the plan | $127,290 |
| Contract administrator fees | $127,290 |
| Benefits paid out | $1,894,220 |
| Net assets, start / end of year | $20.4M / $23.6M |
| Active participants, start / end of year | 1,463 / 1,551 |
| Participants with account balances | 912 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | PKF Oconnor Davies, LLP |
Largest service providers (Schedule C)
| Stancorp Financial Group | $129,524 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260413100821NAL0021930194001, received 2026-04-13, EIN 22-3669704, plan #002, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.