Genesis Administrative Services LLC 401(k) Review & Grade
Genesis Administrative Services 401(k) Plan #1
Kennett Square, PAHealth Care & Social Assistance18,903 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$28Employer $ per active participant
$3,278Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$981.4MNet plan assets, end of year
$37,919Average balance per account
Score breakdown
- Employer generosity5.3 / 5011th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1532th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 36th |
| Employee saving | 32th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($471 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $5,015 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Genesis Administrative Services put in about $28 per active participant, below the typical peer ($2,086). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $527,859 |
| Participant (employee) contributions | $61,964,660 |
| Other contributions (incl. rollovers in) | $7,328,904 |
| Administrative expenses paid from the plan | $1,139,151 |
| Contract administrator fees | $39,901 |
| Investment advisory & management fees | $580,000 |
| Other admin expenses | $243,934 |
| Benefits paid out | $146,398,467 |
| Net assets, start / end of year | $887.6M / $981.4M |
| Active participants, start / end of year | 19,764 / 18,042 |
| Participants with account balances | 25,882 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Capfinancial Partners LLC DBA Captr | $580,000 reported compensation |
| Empower Annuity Insurance Company O | $275,316 reported compensation |
| Eisneramper LLP | $39,901 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251030085619NAL0001133859001, received 2025-10-30, EIN 30-0847166, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.