Camelot Community Care, Inc. 401(k) Review & Grade
Camelot Community Care, Inc. Retirement Plan
Clearwater, FLHealth Care & Social Assistance1,072 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$133Employer $ per active participant
$1,663Employee $ saved per active participant
1.47%Direct admin cost, % of plan assets
$10.8MNet plan assets, end of year
$9,091Average balance per account
Score breakdown
- Employer generosity8.8 / 5018th percentile for employer $ per participant
- Low cost0.7 / 253th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score15 / 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 | 18th |
| Lower admin cost | 3th |
| Employee saving | 36th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $1,784 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Camelot Community Care put in about $133 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 (1.47% 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.
- 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 | $142,391 |
| Participant (employee) contributions | $1,783,686 |
| Other contributions (incl. rollovers in) | $173,571 |
| Administrative expenses paid from the plan | $144,791 |
| Contract administrator fees | $47,071 |
| Investment advisory & management fees | $50,797 |
| Other admin expenses | $32,781 |
| Benefits paid out | $1,322,878 |
| Net assets, start / end of year | $8.9M / $10.8M |
| Active participants, start / end of year | 1,076 / 1,069 |
| Participants with account balances | 1,183 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rivero, Gordimer & Company, P.A. |
Largest service providers (Schedule C)
| R.J.L. Pension Services, Inc. | $51,765 reported compensation |
| Merrill Lynch Pierce Fenner Smith | $49,527 reported compensation |
| Empower Annuity Insurance Co. | $14,143 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014184259NAL0001767363001, received 2025-10-14, EIN 31-1659302, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.