Sharecare, Inc. 401(k) Review & Grade
Sharecare, Inc. 401(k) Plan
Atlanta, GAInformation1,851 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$696Employer $ per active participant
$4,657Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$90.8MNet plan assets, end of year
$54,441Average balance per account
Score breakdown
- Employer generosity7.4 / 5015th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 46th |
| Employee saving | 17th |
| Peers that auto-enroll | 59% |
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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
- Sharecare put in about $696 per active participant, below the typical peer ($2,829). 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.
- 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.
- 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 | $1,288,830 |
| Participant (employee) contributions | $8,620,194 |
| Other contributions (incl. rollovers in) | $1,087,313 |
| Administrative expenses paid from the plan | $222,527 |
| Contract administrator fees | $222,527 |
| Benefits paid out | $11,358,108 |
| Net assets, start / end of year | $81.7M / $90.8M |
| Active participants, start / end of year | 2,001 / 1,701 |
| Participants with account balances | 1,667 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mauldin & Jenkins |
Largest service providers (Schedule C)
| Nationwide Life Insurance | $45,298 reported compensation |
| Mauldin and Jenkins, LLC | $21,585 reported compensation |
| Onedigital Investment Advisors LLC | $13,261 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013114850NAL0002649874001, received 2025-10-13, EIN 27-0876664, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.