Adapt 401(k) Review & Grade
Adapt 401(k) Profit Sharing Plan & Trust
Roseburg, ORHealth Care & Social Assistance506 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,957Employer $ per active participant
$3,776Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$22.8MNet plan assets, end of year
$38,111Average balance per account
Score breakdown
- Employer generosity41.3 / 5083th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 27th |
| Employee saving | 65th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $74,229 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Adapt put in about $2,957 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 (0.45% 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 | $1,494,680 |
| Participant (employee) contributions | $1,908,692 |
| Other contributions (incl. rollovers in) | $906,313 |
| Administrative expenses paid from the plan | $91,148 |
| Contract administrator fees | $27,554 |
| Investment advisory & management fees | $61,440 |
| Other admin expenses | $1,294 |
| Benefits paid out | $1,897,030 |
| Net assets, start / end of year | $18.0M / $22.8M |
| Active participants, start / end of year | 517 / 494 |
| Participants with account balances | 597 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wicks Emmett LLP |
Largest service providers (Schedule C)
| LPL Financial | $56,070 reported compensation |
| Paychex, Inc. | $26,622 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260819150319NAL0020151936001, received 2026-08-19, EIN 93-0611783, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.