Commonwealth Care Alliance 401(k) Review & Grade
Commonwealth Care Alliance 401(k) Plan
Boston, MAHealth Care & Social Assistance1,748 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,339Employer $ per active participant
$9,271Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$128.4MNet plan assets, end of year
$64,861Average balance per account
Score breakdown
- Employer generosity44.6 / 5089th percentile for employer $ per participant
- Low cost16.0 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 64th |
| Employee saving | 97th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,572 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Commonwealth Care Alliance put in about $4,339 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 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 | $7,586,106 |
| Participant (employee) contributions | $16,210,356 |
| Other contributions (incl. rollovers in) | $2,181,989 |
| Administrative expenses paid from the plan | $170,870 |
| Other admin expenses | $12,500 |
| Benefits paid out | $19,014,256 |
| Net assets, start / end of year | $106.5M / $128.4M |
| Active participants, start / end of year | 1,808 / 1,689 |
| Participants with account balances | 1,979 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Aafcpas Inc. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $141,370 reported compensation |
| Aafcpas Inc | $17,000 reported compensation |
| Sageview Advisory Group, LLC | $12,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731085002NAL0002452339001, received 2025-07-31, EIN 04-3756900, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.