Sunnyside Presbyterian Home 401(k) Review & Grade
Sunnyside 401(k) and Retirement Plan
Harrisonburg, VAHealth Care & Social Assistance654 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,191Employer $ per active participant
$1,814Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$18.0MNet plan assets, end of year
$30,207Average balance per account
Score breakdown
- Employer generosity27.5 / 5055th percentile for employer $ per participant
- Low cost5.4 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score39 / 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 | 55th |
| Lower admin cost | 22th |
| Employee saving | 39th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,958 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sunnyside Presbyterian Home put in about $1,191 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 (0.52% 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 | $779,270 |
| Participant (employee) contributions | $1,186,972 |
| Other contributions (incl. rollovers in) | $305,065 |
| Administrative expenses paid from the plan | $91,249 |
| Contract administrator fees | $46,706 |
| Investment advisory & management fees | $44,543 |
| Benefits paid out | $3,318,878 |
| Net assets, start / end of year | $16.9M / $18.0M |
| Active participants, start / end of year | 644 / 665 |
| Participants with account balances | 597 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| John Hancock | $46,706 reported compensation |
| Commonwealth Financial Network | $44,543 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250716093911NAL0002993329001, received 2025-07-16, EIN 54-0591600, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.