Unlimited Care, Inc. 401(k) Review & Grade
Unlimited Care, Inc. 401(k) Plan
White Plains, NYHealth Care & Social Assistance3,256 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$41Employer $ per active participant
$322Employee $ saved per active participant
1.75%Direct admin cost, % of plan assets
$11.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity8.5 / 5017th percentile for employer $ per participant
- Low cost0.4 / 251th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1512th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 1th |
| Employee saving | 12th |
| Peers that auto-enroll | 38% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $31,869 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Unlimited Care put in about $41 per active participant, below the typical peer ($800). 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.
- Direct plan expenses (1.75% of assets) are well above similar-size plans (0.12%). 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 | $132,066 |
| Participant (employee) contributions | $1,048,030 |
| Other contributions (incl. rollovers in) | $13,685 |
| Administrative expenses paid from the plan | $185,307 |
| Contract administrator fees | $160,082 |
| Investment advisory & management fees | $10,090 |
| Other admin expenses | $15,135 |
| Benefits paid out | $990,560 |
| Net assets, start / end of year | $10.0M / $11.2M |
| Active participants, start / end of year | 2,956 / 3,555 |
| Participants with account balances | 726 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Berman, Sosman & Rosenzweig, CPA PL |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $124,967 reported compensation |
| Orenda Retirement, LLC | $41,283 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $25,225 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013142758NAL0000709283001, received 2025-10-13, EIN 13-2808207, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.