Access Clinical Partners, LLC 401(k) Review & Grade
Access Clinical Partners, LLC 401(k) Plan
Atlanta, GAHealth Care & Social Assistance2,926 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,253Employer $ per active participant
$2,611Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$67.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity28.5 / 5057th percentile for employer $ per participant
- Low cost8.1 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 32th |
| Employee saving | 49th |
| Peers that auto-enroll | 38% |
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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 ($443,878 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,073 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Access Clinical Partners put in about $1,253 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.
- Direct plan expenses (0.21% of assets) are well above similar-size plans (0.12%). 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 | $3,668,226 |
| Participant (employee) contributions | $7,640,953 |
| Other contributions (incl. rollovers in) | $1,632,369 |
| Administrative expenses paid from the plan | $129,014 |
| Benefits paid out | $6,847,368 |
| Net assets, start / end of year | $53.6M / $67.2M |
| Active participants, start / end of year | 2,332 / 3,521 |
| Participants with account balances | 1,408 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte and Touche LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $126,339 reported compensation |
| TBS Agency Inc | $9,503 reported compensation |
| Fidelity Investments Institutional | $4,030 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015171452NAL0005231121001, received 2025-10-15, EIN 35-2411513, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.