Caravel Autism Health, LLC 401(k) Review & Grade
Caravel Autism Health, LLC 401(k) Plan
Green Bay, WIHealth Care & Social Assistance1,469 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$296Employer $ per active participant
$2,439Employee $ saved per active participant
1.20%Direct admin cost, % of plan assets
$15.9MNet plan assets, end of year
$8,626Average balance per account
Score breakdown
- Employer generosity13.0 / 5026th percentile for employer $ per participant
- Low cost1.1 / 254th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 4th |
| Employee saving | 48th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $16,298 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Caravel Autism Health put in about $296 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 (1.20% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $434,414 |
| Participant (employee) contributions | $3,582,526 |
| Other contributions (incl. rollovers in) | $72,293 |
| Administrative expenses paid from the plan | $165,661 |
| Investment advisory & management fees | $65,212 |
| Benefits paid out | $1,752,139 |
| Net assets, start / end of year | $11.7M / $15.9M |
| Active participants, start / end of year | 1,382 / 1,556 |
| Participants with account balances | 1,841 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $100,449 reported compensation |
| Bank of America NA | $65,212 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010161633NAL0004783875001, received 2025-10-10, EIN 27-1278853, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.