The Church Home of the Protestant Episcopal Church 401(k) Review & Grade
The Church Home of the Protestant Episcopal Employees' Retirement Plan
Rochester, NYHealth Care & Social Assistance570 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$992Employer $ per active participant
$2,203Employee $ saved per active participant
1.70%Direct admin cost, % of plan assets
$14.1MNet plan assets, end of year
$14,846Average balance per account
Score breakdown
- Employer generosity25.2 / 5050th percentile for employer $ per participant
- Low cost0.5 / 252th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score35 / 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 | 2th |
| Employee saving | 44th |
| 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
- Church Home of the Protestant Episcopal Church 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 (1.70% 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 | $565,648 |
| Participant (employee) contributions | $1,255,560 |
| Other contributions (incl. rollovers in) | $126,566 |
| Administrative expenses paid from the plan | $230,524 |
| Contract administrator fees | $192,509 |
| Investment advisory & management fees | $33,460 |
| Benefits paid out | $2,204,758 |
| Net assets, start / end of year | $13.0M / $14.1M |
| Active participants, start / end of year | 578 / 562 |
| Participants with account balances | 947 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Fustcharles LLP |
Largest service providers (Schedule C)
| Burke Group | $193,009 reported compensation |
| Alesco Advisors LLC | $33,460 reported compensation |
| Bonadio & Co., LLP | $4,055 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014150628NAL0003113281001, received 2025-10-14, EIN 16-0743962, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.