The Child Center of Ny, Inc. 401(k) Review & Grade
The Child Center of Ny, Inc. 401(k) Plan
Forest Hills, NYHealth Care & Social Assistance1,078 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,439Employer $ per active participant
$1,034Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$33.7MNet plan assets, end of year
$60,872Average balance per account
Score breakdown
- Employer generosity38.5 / 5077th percentile for employer $ per participant
- Low cost8.6 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1522th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 34th |
| Employee saving | 22th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Child Center of Ny put in about $2,439 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 (0.36% 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 | $2,628,917 |
| Participant (employee) contributions | $1,114,733 |
| Other contributions (incl. rollovers in) | $153,007 |
| Administrative expenses paid from the plan | $110,037 |
| Investment advisory & management fees | $39,841 |
| Benefits paid out | $1,736,119 |
| Net assets, start / end of year | $27.9M / $33.7M |
| Active participants, start / end of year | 1,062 / 1,094 |
| Participants with account balances | 553 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | PKF O'connor Davies, LLP |
Largest service providers (Schedule C)
| Epic Retirement Plan Services | $70,197 reported compensation |
| Morningstar Investment Management | $39,841 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260414134027NAL0015934353001, received 2026-04-14, EIN 11-1733454, plan #003, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.