Capital Care, Inc. 401(k) Review & Grade
Capital Care, Inc. 401(k) Plan
Silver Spring, MDHealth Care & Social Assistance535 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,397Employer $ per active participant
$925Employee $ saved per active participant
7.12%Direct admin cost, % of plan assets
$7,130Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity29.7 / 5059th percentile for employer $ per participant
- Low cost0.0 / 250th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score36 / 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 | 59th |
| Lower admin cost | 0th |
| Employee saving | 20th |
| 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
- Capital Care put in about $1,397 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 (7.12% 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 | $747,225 |
| Participant (employee) contributions | $495,126 |
| Other contributions (incl. rollovers in) | $4,066 |
| Administrative expenses paid from the plan | $172,989 |
| Contract administrator fees | $134,281 |
| Benefits paid out | $6,642,867 |
| Net assets, start / end of year | $4.9M / $7,130 |
| Active participants, start / end of year | 527 / 543 |
| Participants with account balances | 1 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Penan & Scott, P.A. |
Largest service providers (Schedule C)
| Nova 401(k) Associates | $84,941 reported compensation |
| Empower Annuity Insurance Company | $54,811 reported compensation |
| Axa Advisors, LLC | $16,186 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251218163422NAL0005579473001, received 2025-12-18, EIN 20-2187349, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.