Caring Places Management 401(k) Review & Grade
Caring Places Management 401(k) Profit Sharing Plan and Trust
Forest Grove, ORHealth Care & Social Assistance638 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,247Employer $ per active participant
$1,404Employee $ saved per active participant
2.42%Direct admin cost, % of plan assets
$5.5MNet plan assets, end of year
$6,175Average balance per account
Score breakdown
- Employer generosity28.2 / 5056th percentile for employer $ per participant
- Low cost0.2 / 251th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score26 / 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 | 56th |
| Lower admin cost | 1th |
| Employee saving | 31th |
| 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 ($28,119 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
- Caring Places Management put in about $1,247 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 (2.42% 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 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 | $795,700 |
| Participant (employee) contributions | $895,520 |
| Other contributions (incl. rollovers in) | $42,183 |
| Administrative expenses paid from the plan | $124,116 |
| Investment advisory & management fees | $13,459 |
| Other admin expenses | $70,953 |
| Benefits paid out | $1,463,612 |
| Net assets, start / end of year | $4.8M / $5.5M |
| Active participants, start / end of year | 632 / 644 |
| Participants with account balances | 885 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Jason Underwood CPA, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $32,204 reported compensation |
| Foster & Wood Inc DBA Foster & Wood | $12,099 reported compensation |
| Jason E Underwood CPA LLC | $7,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251107135821NAL0000348915001, received 2025-11-07, EIN 26-1434249, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.