Opuscare Management LLC 401(k) Review & Grade
Opuscare Management LLC 401(k) Safe Harbor Plan
Miami, FLHealth Care & Social Assistance555 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$607Employer $ per active participant
$790Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$6.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity19.7 / 5039th percentile for employer $ per participant
- Low cost16.2 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 65th |
| Employee saving | 17th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $243 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Opuscare Management put in about $607 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.
- 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 | $337,034 |
| Participant (employee) contributions | $438,541 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $8,297 |
| Other admin expenses | $8,297 |
| Benefits paid out | $808,370 |
| Net assets, start / end of year | $5.5M / $6.1M |
| Active participants, start / end of year | 554 / 556 |
| Participants with account balances | 168 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Puertto Renfrow |
Largest service providers (Schedule C)
| Nationwide | $10,774 reported compensation |
| First Horizon Advisors Inc | $7,027 reported compensation |
| Nationwide | $2,336 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260415141710NAL0019944273001, received 2026-04-15, EIN 81-4278711, plan #002, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.