Direct Urgent Care, Inc. DBA Carbon Health 401(k) Review & Grade
Carbon Health 401(k) Plan
Oakland, CAHealth Care & Social Assistance1,552 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$671Employer $ per active participant
$3,674Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$42.1MNet plan assets, end of year
$17,814Average balance per account
Score breakdown
- Employer generosity20.6 / 5041th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score27 / 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 | 41th |
| Lower admin cost | 27th |
| Employee saving | 64th |
| Peers that auto-enroll | 36% |
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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 ($30,114 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Direct Urgent Care, Inc. DBA Carbon Health put in about $671 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 (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 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 | $1,042,487 |
| Participant (employee) contributions | $5,704,485 |
| Other contributions (incl. rollovers in) | $829,680 |
| Administrative expenses paid from the plan | $182,044 |
| Benefits paid out | $10,681,722 |
| Net assets, start / end of year | $39.4M / $42.1M |
| Active participants, start / end of year | 1,809 / 1,296 |
| Participants with account balances | 2,362 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wipfli LLP |
Largest service providers (Schedule C)
| Leading Retirement Solutions | $159,545 reported compensation |
| Mid Atlantic Trust Company | $22,499 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015170523NAL0005208849001, received 2025-10-15, EIN 45-4298417, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.