Hutchinson Clinic, P.A. 401(k) Review & Grade
Hutchinson Clinic, P.A. Employees' 401k Profit Sharing Plan and Trust
Hutchinson, KSHealth Care & Social Assistance573 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,083Employer $ per active participant
$5,473Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$134.1MNet plan assets, end of year
$171,508Average balance per account
Score breakdown
- Employer generosity46.7 / 5093th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score73 / 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 | 93th |
| Lower admin cost | 68th |
| Employee saving | 83th |
| 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 ($14,256 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $13,935 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hutchinson Clinic, P.A. put in about $6,083 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,485,477 |
| Participant (employee) contributions | $3,135,811 |
| Other contributions (incl. rollovers in) | $80,004 |
| Administrative expenses paid from the plan | $161,129 |
| Investment advisory & management fees | $145,817 |
| Benefits paid out | $9,218,026 |
| Net assets, start / end of year | $120.6M / $134.1M |
| Active participants, start / end of year | 567 / 579 |
| Participants with account balances | 782 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Capfinancial Partners LLC | $80,426 reported compensation |
| Morningstar Investment Service | $30,056 reported compensation |
| Adamsbrown Wealth Consultants | $19,492 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015145904NAL0010233954001, received 2025-10-15, EIN 48-0734011, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.