All Care Plus, Inc. 401(k) Review & Grade
Quality Family 401(k) Plan
Jamestown, TNHealth Care & Social Assistance2,121 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$187Employer $ per active participant
$717Employee $ saved per active participant
1.50%Direct admin cost, % of plan assets
$5.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.3 / 5021th percentile for employer $ per participant
- Low cost0.6 / 253th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 3th |
| Employee saving | 16th |
| Peers that auto-enroll | 36% |
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 $15,989 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- All Care Plus put in about $187 per active participant, below the typical peer ($976). 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 (1.50% 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 | $397,493 |
| Participant (employee) contributions | $1,519,930 |
| Other contributions (incl. rollovers in) | $197,106 |
| Administrative expenses paid from the plan | $68,440 |
| Contract administrator fees | $68,440 |
| Benefits paid out | $411,924 |
| Net assets, start / end of year | $3.5M / $5.6M |
| Active participants, start / end of year | 2,132 / 2,110 |
| Participants with account balances | 578 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Windham Brannon, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $55,496 reported compensation |
| Linsco/private Ledger Corp | $21,408 reported compensation |
| Empower Advisory Group, LLC | $8,819 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015144422NAL0010143602001, received 2025-10-15, EIN 56-2323972, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.