Carepoint Health, LLC 401(k) Review & Grade
Carepoint Health, LLC 401(k) Profit Sharing Plan
Greenwood Village, COHealth Care & Social Assistance840 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$14,144Employer $ per active participant
$12,478Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$372.1MNet plan assets, end of year
$406,698Average balance per account
Score breakdown
- Employer generosity49.4 / 5099th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving14.7 / 1598th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 68th |
| Employee saving | 98th |
| Peers that auto-enroll | 36% |
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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
- Carepoint Health put in about $14,144 per active participant, more than the typical peer ($976). 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 | $11,881,199 |
| Participant (employee) contributions | $10,481,729 |
| Other contributions (incl. rollovers in) | $13,118,831 |
| Administrative expenses paid from the plan | $430,916 |
| Investment advisory & management fees | $318,935 |
| Benefits paid out | $14,618,961 |
| Net assets, start / end of year | $307.8M / $372.1M |
| Active participants, start / end of year | 848 / 832 |
| Participants with account balances | 915 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Physician Wealth Advisors Inc | $120,186 reported compensation |
| Nwps | $89,354 reported compensation |
| Cerdrus LLC | $63,061 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001164939NAL0013499041001, received 2025-10-01, EIN 83-1024601, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.