Cleanslate Centers, Inc. 401(k) Review & Grade
Cleanslate Centers 401(k) Plan
Brentwood, TNHealth Care & Social Assistance624 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$31Employer $ per active participant
$5,322Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$20.0MNet plan assets, end of year
$24,664Average balance per account
Score breakdown
- Employer generosity5.4 / 5011th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 15th |
| Employee saving | 82th |
| 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
- Cleanslate Centers put in about $31 per active participant, below the typical peer ($976). 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 (0.66% 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 | $19,190 |
| Participant (employee) contributions | $3,318,395 |
| Other contributions (incl. rollovers in) | $493,402 |
| Administrative expenses paid from the plan | $130,629 |
| Benefits paid out | $6,062,394 |
| Net assets, start / end of year | $19.7M / $20.0M |
| Active participants, start / end of year | 719 / 528 |
| Participants with account balances | 810 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc PC |
Largest service providers (Schedule C)
| John Hancock Life Ins Co | $131,476 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015082735NAL0004069009002, received 2025-10-15, EIN 46-4372716, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.