Option Care Health, Inc. 401(k) Review & Grade
Option Care Health 401(k) Plan
Bannockburn, ILHealth Care & Social Assistance7,874 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,687Employer $ per active participant
$3,957Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$412.6MNet plan assets, end of year
$66,621Average balance per account
Score breakdown
- Employer generosity32.5 / 5065th percentile for employer $ per participant
- Low cost11.9 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1562th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 48th |
| Employee saving | 62th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($364 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $3,779 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Option Care Health put in about $1,687 per active participant, more than the typical peer ($800). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $13,286,636 |
| Participant (employee) contributions | $31,160,916 |
| Other contributions (incl. rollovers in) | $8,676,681 |
| Administrative expenses paid from the plan | $502,289 |
| Investment advisory & management fees | $44,993 |
| Other admin expenses | $900 |
| Benefits paid out | $41,046,798 |
| Net assets, start / end of year | $353.4M / $412.6M |
| Active participants, start / end of year | 7,765 / 7,984 |
| Participants with account balances | 6,194 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $456,396 reported compensation |
| Intellicents Investment Solutions I | $44,993 reported compensation |
| Qdro Consultants Co LLC | $900 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007102811NAL0002580035001, received 2025-10-07, EIN 68-0208702, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.