Jewish Senior Life 401(k) Review & Grade
Jewish Senior Life 401(k) Retirement Plan
Rochester, NYHealth Care & Social Assistance961 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$992Employer $ per active participant
$2,594Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$26.2MNet plan assets, end of year
$23,493Average balance per account
Score breakdown
- Employer generosity25.2 / 5050th percentile for employer $ per participant
- Low cost6.9 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1551th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score40 / 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 | 50th |
| Lower admin cost | 28th |
| Employee saving | 51th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Jewish Senior Life put in about $992 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.43% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $953,355 |
| Participant (employee) contributions | $2,493,107 |
| Other contributions (incl. rollovers in) | $63,400 |
| Administrative expenses paid from the plan | $106,533 |
| Investment advisory & management fees | $2,958 |
| Benefits paid out | $2,707,286 |
| Net assets, start / end of year | $22.8M / $26.2M |
| Active participants, start / end of year | 883 / 1,039 |
| Participants with account balances | 1,114 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Freed Maxick P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $103,575 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729114249NAL0001564771001, received 2025-07-29, EIN 22-3409164, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.