Caresource Management Services LLC 401(k) Review & Grade
Caresource Management Services 401(k) Retirement Plan
Dayton, OHFinance & Insurance4,604 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,976Employer $ per active participant
$9,134Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$511.1MNet plan assets, end of year
$91,441Average balance per account
Score breakdown
- Employer generosity33.8 / 5068th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 71th |
| Employee saving | 56th |
| Peers that auto-enroll | 66% |
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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
- Caresource Management Services put in about $5,976 per active participant, more than the typical peer ($4,489). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $27,512,319 |
| Participant (employee) contributions | $42,049,402 |
| Other contributions (incl. rollovers in) | $5,667,698 |
| Administrative expenses paid from the plan | $303,208 |
| Contract administrator fees | $2,400 |
| Investment advisory & management fees | $161,457 |
| Benefits paid out | $49,626,103 |
| Net assets, start / end of year | $426.2M / $511.1M |
| Active participants, start / end of year | 4,617 / 4,590 |
| Participants with account balances | 5,589 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clark Schaefer Hackett and Co. |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $161,457 reported compensation |
| Fidelity Investments Institutional | $141,751 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008070518NAL0005494849001, received 2025-10-08, EIN 31-1703371, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.