Care Hospice, Inc. 401(k) Review & Grade
Care Hospice, Inc. 401(k) Plan
Charlottesville, VAHealth Care & Social Assistance2,894 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,312Employer $ per active participant
$3,066Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$52.2MNet plan assets, end of year
$22,776Average balance per account
Score breakdown
- Employer generosity29.1 / 5058th percentile for employer $ per participant
- Low cost13.0 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 52th |
| Employee saving | 52th |
| 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
- Care Hospice put in about $1,312 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 | $3,796,793 |
| Participant (employee) contributions | $8,874,648 |
| Other contributions (incl. rollovers in) | $1,352,165 |
| Administrative expenses paid from the plan | $53,688 |
| Benefits paid out | $8,007,829 |
| Net assets, start / end of year | $40.6M / $52.2M |
| Active participants, start / end of year | 2,944 / 2,845 |
| Participants with account balances | 2,292 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Smith Leonard PLLC |
Largest service providers (Schedule C)
| Adp, Inc. | $53,688 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250813051321NAL0024669042001, received 2025-08-13, EIN 80-0963620, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.