Managed Healthcare Partners, LLC 401(k) Review & Grade
Caremax, Inc. 401(k) Plan
Oro Valley, AZHealth Care & Social Assistance1,156 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$679Employer $ per active participant
$2,015Employee $ saved per active participant
0.84%Direct admin cost, % of plan assets
$13.7MNet plan assets, end of year
$18,165Average balance per account
Score breakdown
- Employer generosity20.7 / 5041th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score32 / 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 | 41th |
| Lower admin cost | 9th |
| Employee saving | 42th |
| 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
- Managed Healthcare Partners put in about $679 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 (0.84% 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 | $784,716 |
| Participant (employee) contributions | $2,328,491 |
| Other contributions (incl. rollovers in) | $76,659 |
| Administrative expenses paid from the plan | $108,800 |
| Benefits paid out | $2,964,955 |
| Net assets, start / end of year | $12.1M / $13.7M |
| Active participants, start / end of year | 1,348 / 963 |
| Participants with account balances | 755 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | See Attached Reasonable Cause |
Largest service providers (Schedule C)
| Adp, Inc. | $108,800 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260209170921NAL0001399153001, received 2026-02-09, EIN 26-4833015, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.