Careflite 401(k) Review & Grade
Careflite 401(k) Plan
Grand Prairie, TXHealth Care & Social Assistance604 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,774Employer $ per active participant
$4,984Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$42.9MNet plan assets, end of year
$48,202Average balance per account
Score breakdown
- Employer generosity40.4 / 5081th percentile for employer $ per participant
- Low cost17.9 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score63 / 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 | 81th |
| Lower admin cost | 72th |
| Employee saving | 79th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Careflite put in about $2,774 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.
- 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 | $1,677,047 |
| Participant (employee) contributions | $3,012,542 |
| Other contributions (incl. rollovers in) | $187,394 |
| Administrative expenses paid from the plan | $44,741 |
| Investment advisory & management fees | $18,017 |
| Benefits paid out | $5,722,608 |
| Net assets, start / end of year | $38.2M / $42.9M |
| Active participants, start / end of year | 569 / 640 |
| Participants with account balances | 891 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $26,724 reported compensation |
| Strategic Advisors, Inc. | $18,017 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013072821NAL0002075186001, received 2025-10-13, EIN 75-1657155, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.