Advanced Medical Management, LLC 401(k) Review & Grade
Advanced Medical Management 401(k) Retirement Plan
Baltimore, MDHealth Care & Social Assistance726 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$531Employer $ per active participant
$2,088Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$9.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity18.3 / 5037th percentile for employer $ per participant
- Low cost5.3 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1543th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score30 / 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 | 37th |
| Lower admin cost | 21th |
| Employee saving | 43th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $70,126 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Advanced Medical Management put in about $531 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 (0.53% 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.
- 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 | $385,108 |
| Participant (employee) contributions | $1,514,953 |
| Other contributions (incl. rollovers in) | $83,878 |
| Administrative expenses paid from the plan | $46,179 |
| Contract administrator fees | $46,179 |
| Benefits paid out | $1,809,674 |
| Net assets, start / end of year | $8.1M / $9.2M |
| Active participants, start / end of year | 634 / 817 |
| Participants with account balances | 244 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Benefit Audit Group LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $46,178 reported compensation |
| S B H U Life Agency Inc | $9,268 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015113014NAL0004719409001, received 2025-10-15, EIN 52-1829955, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.