Telecare Corp. 401(k) Review & Grade
Telecare Corporation 401(k) Savings Plan
Alameda, CAHealth Care & Social Assistance2,923 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,459Employer $ per active participant
$3,546Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$142.8MNet plan assets, end of year
$34,238Average balance per account
Score breakdown
- Employer generosity38.1 / 5076th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1557th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 68th |
| Employee saving | 57th |
| Peers that auto-enroll | 38% |
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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
- Telecare put in about $2,459 per active participant, more than the typical peer ($800). 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 | $7,188,032 |
| Participant (employee) contributions | $10,366,189 |
| Other contributions (incl. rollovers in) | $321,732 |
| Administrative expenses paid from the plan | $95,509 |
| Investment advisory & management fees | $45,513 |
| Benefits paid out | $17,085,250 |
| Net assets, start / end of year | $127.6M / $142.8M |
| Active participants, start / end of year | 2,872 / 2,974 |
| Participants with account balances | 4,172 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Roorda, Piquet & Bessee, Inc |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $50,137 reported compensation |
| Strategic Advisors, Inc. | $45,513 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260403175222NAL0005168035001, received 2026-04-03, EIN 94-1735271, plan #011, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.