Medical Provider Staffing Services, PLLC 401(k) Review & Grade
Nextcare Providers 401(k) Plan
Tempe, AZHealth Care & Social Assistance507 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$890Employer $ per active participant
$7,110Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$37.4MNet plan assets, end of year
$73,446Average balance per account
Score breakdown
- Employer generosity23.8 / 5048th percentile for employer $ per participant
- Low cost5.6 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 23th |
| Employee saving | 93th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $478,146 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Medical Provider Staffing Services, PLLC put in about $890 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.
- Direct plan expenses (0.51% 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.
- 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 | $451,008 |
| Participant (employee) contributions | $3,604,851 |
| Other contributions (incl. rollovers in) | $211,572 |
| Administrative expenses paid from the plan | $177,789 |
| Contract administrator fees | $13,363 |
| Investment advisory & management fees | $49,487 |
| Other admin expenses | −$22,216 |
| Benefits paid out | $3,302,690 |
| Net assets, start / end of year | $32.6M / $37.4M |
| Active participants, start / end of year | 509 / 505 |
| Participants with account balances | 509 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mansperger Patterson & Mcmullin PLC |
Largest service providers (Schedule C)
| Bayntree Wealth Advisors, LLC | $36,495 reported compensation |
| Alliant Retirement Services, Inc. | $12,992 reported compensation |
| John Hancock Life Insurance Company | $4,424 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013214511NAL0000955027001, received 2025-10-13, EIN 26-1849321, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.