Asc Ortho Management Company, LLC 401(k) Review & Grade
Aligned Orthopedic Partners 401(k) Plan
Bethesda, MDHealth Care & Social Assistance596 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,947Employer $ per active participant
$4,165Employee $ saved per active participant
0.47%Direct admin cost, % of plan assets
$51.6MNet plan assets, end of year
$83,377Average balance per account
Score breakdown
- Employer generosity43.8 / 5088th percentile for employer $ per participant
- Low cost6.3 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1570th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 25th |
| Employee saving | 70th |
| Peers that auto-enroll | 36% |
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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 ($14,598 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $998 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Asc Ortho Management Company put in about $3,947 per active participant, more than the typical peer ($976). 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 (0.47% 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.
- 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 | $2,354,430 |
| Participant (employee) contributions | $2,484,495 |
| Other contributions (incl. rollovers in) | $617,968 |
| Administrative expenses paid from the plan | $215,448 |
| Investment advisory & management fees | $167,403 |
| Benefits paid out | $2,452,872 |
| Net assets, start / end of year | $40.9M / $51.6M |
| Active participants, start / end of year | 621 / 572 |
| Participants with account balances | 619 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Creative Planning Holdco LLC | $90,961 reported compensation |
| City National Rochdale LLC | $64,487 reported compensation |
| Schwab Retirement Plan Services,inc | $48,303 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015151504NAL0009984114001, received 2025-10-15, EIN 83-1642974, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.