Katzen Medical Associates, P.C. 401(k) Review & Grade
Esp Management, LLC 401k Profit Sharing Plan
Dallas, TXHealth Care & Social Assistance1,650 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$747Employer $ per active participant
$3,812Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$81.4MNet plan assets, end of year
$41,173Average balance per account
Score breakdown
- Employer generosity21.9 / 5044th percentile for employer $ per participant
- Low cost14.2 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 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 | 44th |
| Lower admin cost | 57th |
| Employee saving | 66th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $103,462 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Katzen Medical Associates put in about $747 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.
- 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 | $1,232,634 |
| Participant (employee) contributions | $6,292,016 |
| Other contributions (incl. rollovers in) | $366,194 |
| Administrative expenses paid from the plan | $143,347 |
| Contract administrator fees | $143,347 |
| Benefits paid out | $9,305,391 |
| Net assets, start / end of year | $73.8M / $81.4M |
| Active participants, start / end of year | 1,685 / 1,616 |
| Participants with account balances | 1,978 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hm&m Group, LLC |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $143,684 reported compensation |
| Creative Planning Hold Co, LLC | $56,731 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015092753NAL0004179009001, received 2025-10-15, EIN 52-2000021, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.