Home Recovery-Home Aid Inc. 401(k) Review & Grade
Hr-Ha 401k Plan
Farmville, VAHealth Care & Social Assistance517 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$100Employer $ per active participant
$272Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$2.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.5 / 5015th percentile for employer $ per participant
- Low cost23.6 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 94th |
| Employee saving | 6th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Home Recovery-Home Aid put in about $100 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.
- 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.
- 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 | $51,889 |
| Participant (employee) contributions | $140,520 |
| Other contributions (incl. rollovers in) | $65,866 |
| Administrative expenses paid from the plan | $462 |
| Benefits paid out | $260,370 |
| Net assets, start / end of year | $1.8M / $2.0M |
| Active participants, start / end of year | 474 / 560 |
| Participants with account balances | 59 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250801095127NAL0009929056001, received 2025-08-01, EIN 26-3496914, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.