Cantex Continuing Care Network, LLC 401(k) Review & Grade
Cantex Continuing Care Network Employees Savings Trust
Carrollton, TXHealth Care & Social Assistance4,162 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$89Employer $ per active participant
$639Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$24.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.1 / 5022th percentile for employer $ per participant
- Low cost2.9 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score7 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 12th |
| Employee saving | 19th |
| Peers that auto-enroll | 38% |
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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 ($31,201 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $142,266 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cantex Continuing Care Network put in about $89 per active participant, below the typical peer ($800). 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 (0.53% of assets) are well above similar-size plans (0.12%). 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 | $371,691 |
| Participant (employee) contributions | $2,658,469 |
| Other contributions (incl. rollovers in) | $643,343 |
| Administrative expenses paid from the plan | $118,037 |
| Investment advisory & management fees | $21,292 |
| Benefits paid out | $2,305,171 |
| Net assets, start / end of year | $20.2M / $24.0M |
| Active participants, start / end of year | 4,442 / 3,883 |
| Participants with account balances | 1,030 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $94,219 reported compensation |
| Frost Wealth Advisors | $21,292 reported compensation |
| Transamerica Life Insurance Company | $2,359 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007144031NAL0011764706001, received 2025-10-07, EIN 26-1252206, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.