Granger Medical Clinic, P.C. 401(k) Review & Grade
Granger Medical Clinic, P.C. 401(k) and Profit Sharing Plan
Taylorsville, UTHealth Care & Social Assistance883 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,826Employer $ per active participant
$5,067Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$92.9MNet plan assets, end of year
$68,132Average balance per account
Score breakdown
- Employer generosity43.5 / 5087th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 44th |
| Employee saving | 80th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($25,465 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Granger Medical Clinic put in about $3,826 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.
- 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.
- 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 | $3,378,368 |
| Participant (employee) contributions | $4,474,084 |
| Other contributions (incl. rollovers in) | $475,362 |
| Administrative expenses paid from the plan | $245,541 |
| Investment advisory & management fees | $127,599 |
| Benefits paid out | $14,765,864 |
| Net assets, start / end of year | $85.9M / $92.9M |
| Active participants, start / end of year | 845 / 921 |
| Participants with account balances | 1,363 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $118,028 reported compensation |
| Morgan Stanley Smith Barney LLC | $63,000 reported compensation |
| Onedigital Investment Advisors LLC | $41,565 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015194228NAL0011268642001, received 2025-10-15, EIN 87-0284475, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.