Community Care Partners, LLC 401(k) Review & Grade
Community Care Partners Retirement Savings Plan
Lafayette, LAHealth Care & Social Assistance1,481 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,361Employer $ per active participant
$3,393Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$44.8MNet plan assets, end of year
$44,971Average balance per account
Score breakdown
- Employer generosity29.2 / 5058th percentile for employer $ per participant
- Low cost8.2 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1561th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 33th |
| Employee saving | 61th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $560 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Community Care Partners put in about $1,361 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.
- 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 | $2,015,409 |
| Participant (employee) contributions | $5,025,063 |
| Other contributions (incl. rollovers in) | $894,269 |
| Administrative expenses paid from the plan | $154,469 |
| Contract administrator fees | $90,644 |
| Investment advisory & management fees | $63,825 |
| Benefits paid out | $5,156,076 |
| Net assets, start / end of year | $37.9M / $44.8M |
| Active participants, start / end of year | 1,482 / 1,480 |
| Participants with account balances | 997 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Darnall Sikes & Frederick |
Largest service providers (Schedule C)
| John Hancock (U.S.A.) | $95,790 reported compensation |
| Hauser Retirement Solutions | $58,679 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007170851NAL0008345904001, received 2025-10-07, EIN 61-1849968, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.