Lincare Inc. 401(k) Review & Grade
Lincare Employees' 401(k) Plan
Clearwater, FLHealth Care & Social Assistance10,380 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,369Employer $ per active participant
$2,902Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$469.8MNet plan assets, end of year
$36,967Average balance per account
Score breakdown
- Employer generosity20.6 / 5041th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1532th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 35th |
| Employee saving | 32th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Lincare put in about $1,369 per active participant, below the typical peer ($2,086). 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.
- 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.
- 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 | $14,211,317 |
| Participant (employee) contributions | $30,125,224 |
| Other contributions (incl. rollovers in) | $1,518,635 |
| Administrative expenses paid from the plan | $566,068 |
| Contract administrator fees | $1,200 |
| Other admin expenses | $107,397 |
| Benefits paid out | $68,853,913 |
| Net assets, start / end of year | $436.9M / $469.8M |
| Active participants, start / end of year | 10,258 / 10,501 |
| Participants with account balances | 12,708 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $446,171 reported compensation |
| Sageview Advisory Group LLC | $107,364 reported compensation |
| Lbmc, PC | $12,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013151505NAL0000754803001, received 2025-10-13, EIN 59-2852900, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.