Accentcare, Inc. 401(k) Review & Grade
Accentcare 401(k) Retirement Savings Plan
Dallas, TXHealth Care & Social Assistance27,292 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$153Employer $ per active participant
$1,915Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$355.2MNet plan assets, end of year
$9,304Average balance per account
Score breakdown
- Employer generosity8.3 / 5017th percentile for employer $ per participant
- Low cost0.7 / 253th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 3th |
| Employee saving | 30th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,171,975 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $81 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Accentcare put in about $153 per active participant, below the typical peer ($2,086). 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 (0.58% of assets) are well above similar-size plans (0.09%). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $4,183,619 |
| Participant (employee) contributions | $52,253,011 |
| Other contributions (incl. rollovers in) | $5,433,034 |
| Administrative expenses paid from the plan | $1,822,826 |
| Contract administrator fees | $254,173 |
| Investment advisory & management fees | $22,975 |
| Other admin expenses | $28,770 |
| Benefits paid out | $45,080,194 |
| Net assets, start / end of year | $271.5M / $355.2M |
| Active participants, start / end of year | 27,349 / 27,234 |
| Participants with account balances | 38,174 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Walters & Sklyar LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $1,564,355 reported compensation |
| Mercer (US) Inc | $175,000 reported compensation |
| Retirement Plan Consultants, Inc. | $22,975 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015102303NAL0008724466001, received 2025-10-15, EIN 33-0848300, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.