Carter Bloodcare 401(k) Review & Grade
Carter Bloodcare Employee's Savings Plan
Bedford, TXHealth Care & Social Assistance986 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,461Employer $ per active participant
$3,957Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$61.2MNet plan assets, end of year
$68,030Average balance per account
Score breakdown
- Employer generosity38.6 / 5077th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 33th |
| Employee saving | 68th |
| 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
- Carter Bloodcare put in about $2,461 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.
- Direct plan expenses (0.37% 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.
- 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 | $2,425,763 |
| Participant (employee) contributions | $3,899,288 |
| Other contributions (incl. rollovers in) | $273,724 |
| Administrative expenses paid from the plan | $217,035 |
| Contract administrator fees | $217,035 |
| Benefits paid out | $8,817,465 |
| Net assets, start / end of year | $56.4M / $61.2M |
| Active participants, start / end of year | 954 / 1,017 |
| Participants with account balances | 899 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Whitley Penn LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $217,034 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002150510NAL0000647537001, received 2025-10-02, EIN 75-1035606, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.