Careoregon, Inc. 401(k) Review & Grade
Careoregon, Inc. 401(k) Plan
Portland, ORFinance & Insurance1,534 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,161Employer $ per active participant
$8,240Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$187.9MNet plan assets, end of year
$101,603Average balance per account
Score breakdown
- Employer generosity42.2 / 5084th percentile for employer $ per participant
- Low cost15.0 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1563th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 60th |
| Employee saving | 63th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,333 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Careoregon put in about $7,161 per active participant, more than the typical peer ($3,606). 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 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 | $10,985,293 |
| Participant (employee) contributions | $12,639,528 |
| Other contributions (incl. rollovers in) | $4,597,104 |
| Administrative expenses paid from the plan | $283,971 |
| Contract administrator fees | $254,010 |
| Investment advisory & management fees | $29,961 |
| Benefits paid out | $9,620,328 |
| Net assets, start / end of year | $150.9M / $187.9M |
| Active participants, start / end of year | 1,486 / 1,582 |
| Participants with account balances | 1,849 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Perkins & Company P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $254,006 reported compensation |
| Usi Advisors, Inc. | $29,961 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250805173207NAL0002450320001, received 2025-08-05, EIN 93-0933975, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.