Caris Science, Inc. 401(k) Review & Grade
Caris Science, Inc. 401(k) Plan
Irving, TXHealth Care & Social Assistance1,748 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,419Employer $ per active participant
$8,645Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$141.1MNet plan assets, end of year
$82,512Average balance per account
Score breakdown
- Employer generosity44.7 / 5089th percentile for employer $ per participant
- Low cost12.7 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1596th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score75 / 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 | 89th |
| Lower admin cost | 51th |
| Employee saving | 96th |
| 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
- Caris Science put in about $4,419 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 | $7,724,524 |
| Participant (employee) contributions | $15,112,210 |
| Other contributions (incl. rollovers in) | $5,608,216 |
| Administrative expenses paid from the plan | $280,933 |
| Investment advisory & management fees | $50,000 |
| Benefits paid out | $13,808,271 |
| Net assets, start / end of year | $109.7M / $141.1M |
| Active participants, start / end of year | 1,736 / 1,760 |
| Participants with account balances | 1,710 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Whitley Penn |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $231,100 reported compensation |
| Creative Planning LLC | $50,000 reported compensation |
| Empower Financial Services, Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014073447NAL0004936674001, received 2025-10-14, EIN 45-3632909, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.