Highview Healthcare Partners, LLC 401(k) Review & Grade
Highview Healthcare Partners 401(k) Plan
Buffalo, NYAdministrative, Support & Staffing Services1,084 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$448Employer $ per active participant
$937Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$6.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity20.9 / 5042th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1530th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 37th |
| Employee saving | 30th |
| Peers that auto-enroll | 27% |
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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 ($1,630 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Highview Healthcare Partners put in about $448 per active participant, below the typical peer ($712). 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 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 | $485,488 |
| Participant (employee) contributions | $1,015,683 |
| Other contributions (incl. rollovers in) | $210,523 |
| Administrative expenses paid from the plan | $17,578 |
| Contract administrator fees | $11,560 |
| Investment advisory & management fees | $5,232 |
| Other admin expenses | $786 |
| Benefits paid out | $579,481 |
| Net assets, start / end of year | $4.4M / $6.1M |
| Active participants, start / end of year | 1,305 / 863 |
| Participants with account balances | 265 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Voya Retirement Ins & Annuity Co | $10,843 reported compensation |
| Actuarial Consulting Services Inc. | $6,685 reported compensation |
| Raymond James and Associates Inc. | $1,772 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015111348NAL0004680145001, received 2025-10-15, EIN 20-4798712, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.