Commcare Corporation 401(k) Review & Grade
Commcare Corporation 401(k) Plan
Mandeville, LAHealth Care & Social Assistance1,940 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$867Employer $ per active participant
$1,660Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$20.8MNet plan assets, end of year
$12,802Average balance per account
Score breakdown
- Employer generosity23.6 / 5047th percentile for employer $ per participant
- Low cost5.9 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 24th |
| Employee saving | 36th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Commcare put in about $867 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 (0.49% 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 | $1,682,911 |
| Participant (employee) contributions | $3,220,926 |
| Other contributions (incl. rollovers in) | $249,654 |
| Administrative expenses paid from the plan | $92,426 |
| Investment advisory & management fees | $3,338 |
| Other admin expenses | −$1 |
| Benefits paid out | $2,947,965 |
| Net assets, start / end of year | $16.7M / $20.8M |
| Active participants, start / end of year | 1,970 / 1,911 |
| Participants with account balances | 1,627 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Carr, Riggs & Ingram, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $66,570 reported compensation |
| Jones Walker | $13,519 reported compensation |
| Carr, Riggs & Ingram, LLC | $9,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010155340NAL0019017458001, received 2025-10-10, EIN 72-0996315, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.