Cadence Education LLC 401(k) Review & Grade
Cadence Education LLC 401(k) Savings Plan
Scottsdale, AZHealth Care & Social Assistance8,040 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$123Employer $ per active participant
$365Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$20.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.7 / 5025th percentile for employer $ per participant
- Low cost3.2 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 13th |
| Employee saving | 13th |
| 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 ($688,644 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Cadence Education put in about $123 per active participant, below the typical peer ($800). 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 (0.50% of assets) are well above similar-size plans (0.12%). 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 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 | $991,933 |
| Participant (employee) contributions | $2,935,731 |
| Other contributions (incl. rollovers in) | $1,158,029 |
| Administrative expenses paid from the plan | $91,862 |
| Investment advisory & management fees | $20,462 |
| Benefits paid out | $2,027,764 |
| Net assets, start / end of year | $15.7M / $20.9M |
| Active participants, start / end of year | 7,664 / 8,416 |
| Participants with account balances | 1,227 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpa's P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $81,192 reported compensation |
| Creative Planning Holdco LLC DBA CR | $25,000 reported compensation |
| Empower Advisory Group, LLC | $5,986 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260320200400NAL0012605890001, received 2026-03-20, EIN 86-0793666, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.