Clarest Health, LLC Aka Procare LTC Holding, LLC 401(k) Review & Grade
Clarest Health 401(k) Plan
Vienna, VAOther Services1,224 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,187Employer $ per active participant
$2,606Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$66.6MNet plan assets, end of year
$42,907Average balance per account
Score breakdown
- Employer generosity23.8 / 5048th percentile for employer $ per participant
- Low cost7.9 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 31th |
| Employee saving | 50th |
| Peers that auto-enroll | 40% |
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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 ($255,110 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $6,759 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Clarest Health, LLC Aka Procare LTC Holding put in about $1,187 per active participant, below the typical peer ($1,257). 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 (0.39% 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 | $1,452,009 |
| Participant (employee) contributions | $3,188,035 |
| Other contributions (incl. rollovers in) | $515,321 |
| Administrative expenses paid from the plan | $155,649 |
| Investment advisory & management fees | $67,667 |
| Benefits paid out | $3,738,513 |
| Net assets, start / end of year | $13.4M / $66.6M |
| Active participants, start / end of year | 736 / 1,711 |
| Participants with account balances | 1,552 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Citrin Cooperman |
Largest service providers (Schedule C)
| PCS Retirement, Inc. | $85,179 reported compensation |
| Acropolis Investment Management | $67,667 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251231111353NAL0011591267001, received 2025-12-31, EIN 35-2545978, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.