Hattiesburg Clinic, P.A. 401(k) Review & Grade
Hattiesburg Clinic P. A. Savings Plan
Hattiesburg, MSHealth Care & Social Assistance2,417 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,611Employer $ per active participant
$5,887Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$402.2MNet plan assets, end of year
$172,930Average balance per account
Score breakdown
- Employer generosity43.0 / 5086th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1587th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 96th |
| Employee saving | 87th |
| 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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Hattiesburg Clinic, P.A. put in about $3,611 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.
- 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 | $8,727,484 |
| Participant (employee) contributions | $14,228,311 |
| Other contributions (incl. rollovers in) | $1,026,818 |
| Administrative expenses paid from the plan | $64,861 |
| Investment advisory & management fees | $171,756 |
| Benefits paid out | $35,428,889 |
| Net assets, start / end of year | $358.9M / $402.2M |
| Active participants, start / end of year | 2,250 / 2,584 |
| Participants with account balances | 2,326 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | TMH, PLLC |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $121,756 reported compensation |
| Global Retirement Partners LLC | $50,000 reported compensation |
| Maynard Nexsen | $29,007 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929203228NAL0005207155001, received 2025-09-29, EIN 64-0507572, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.