Caredx, Inc. 401(k) Review & Grade
Caredx, Inc. 401(k)
Brisbane, CAHealth Care & Social Assistance578 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,083Employer $ per active participant
$11,055Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$54.1MNet plan assets, end of year
$72,620Average balance per account
Score breakdown
- Employer generosity44.0 / 5088th percentile for employer $ per participant
- Low cost20.4 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving14.7 / 1598th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 82th |
| Employee saving | 98th |
| Peers that auto-enroll | 36% |
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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 ($581 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $4,855 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Caredx put in about $4,083 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.
- 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 | $2,360,248 |
| Participant (employee) contributions | $6,389,534 |
| Other contributions (incl. rollovers in) | $2,764,861 |
| Administrative expenses paid from the plan | $37,784 |
| Other admin expenses | $52 |
| Benefits paid out | $7,093,243 |
| Net assets, start / end of year | $0 / $54.1M |
| Active participants, start / end of year | 581 / 575 |
| Participants with account balances | 745 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $37,774 reported compensation |
| Empower Financial Services, Inc. | $10 reported compensation |
| Empower Financial Services, Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009160947NAL0016055826001, received 2025-10-09, EIN 94-3316839, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.