Advocare, LLC 401(k) Review & Grade
Advocare, LLC 401(k) Profit Sharing Plan
Marlton, NJHealth Care & Social Assistance2,708 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,530Employer $ per active participant
$5,466Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$418.8MNet plan assets, end of year
$133,387Average balance per account
Score breakdown
- Employer generosity47.1 / 5094th percentile for employer $ per participant
- Low cost10.3 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving11.6 / 1577th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 41th |
| Employee saving | 77th |
| Peers that auto-enroll | 38% |
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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
- Advocare put in about $5,530 per active participant, more than the typical peer ($800). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $14,972,295 |
| Participant (employee) contributions | $14,799,050 |
| Other contributions (incl. rollovers in) | $4,460,326 |
| Administrative expenses paid from the plan | $636,786 |
| Contract administrator fees | $298,539 |
| Investment advisory & management fees | $234,267 |
| Benefits paid out | $27,043,084 |
| Net assets, start / end of year | $371.5M / $418.8M |
| Active participants, start / end of year | 2,694 / 2,721 |
| Participants with account balances | 3,140 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas PC |
Largest service providers (Schedule C)
| John Hancock | $298,539 reported compensation |
| RTD Financial Advisors | $234,267 reported compensation |
| The Mandmarblestone Group, LLC | $103,980 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007142600NAL0004900817001, received 2025-10-07, EIN 22-3537011, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.