Caret Holdings, Inc. 401(k) Review & Grade
Root Retirement Plan
Columbus, OHFinance & Insurance858 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,505Employer $ per active participant
$7,908Employee $ saved per active participant
0.42%Direct admin cost, % of plan assets
$56.9MNet plan assets, end of year
$38,816Average balance per account
Score breakdown
- Employer generosity24.2 / 5048th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 29th |
| Employee saving | 59th |
| Peers that auto-enroll | 62% |
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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($462 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Caret Holdings put in about $3,505 per active participant, below the typical peer ($3,606). 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 (0.42% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $3,009,434 |
| Participant (employee) contributions | $6,789,063 |
| Other contributions (incl. rollovers in) | $2,714,049 |
| Administrative expenses paid from the plan | $209,495 |
| Investment advisory & management fees | $60,722 |
| Benefits paid out | $4,965,919 |
| Net assets, start / end of year | $42.8M / $56.9M |
| Active participants, start / end of year | 675 / 1,042 |
| Participants with account balances | 1,465 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $148,773 reported compensation |
| Global Retirement Partners LLC | $46,473 reported compensation |
| Strategic Advisors, Inc. | $14,249 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014143418NAL0001511731001, received 2025-10-14, EIN 47-3049829, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.