Murfreesboro Medical Clinic, P.A. 401(k) Review & Grade
Murfreesboro Medical Clinic P.A. Restated Employee Savings and Profit Sharing Plan
Murfreesboro, TNHealth Care & Social Assistance708 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,123Employer $ per active participant
$5,572Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$107.9MNet plan assets, end of year
$129,660Average balance per account
Score breakdown
- Employer generosity41.8 / 5084th percentile for employer $ per participant
- Low cost11.4 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1585th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score66 / 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 | 84th |
| Lower admin cost | 45th |
| Employee saving | 85th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,581 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Murfreesboro Medical Clinic, P.A. put in about $3,123 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 | $2,209,236 |
| Participant (employee) contributions | $3,941,960 |
| Other contributions (incl. rollovers in) | $159,323 |
| Administrative expenses paid from the plan | $267,311 |
| Contract administrator fees | $139,986 |
| Investment advisory & management fees | $127,325 |
| Benefits paid out | $5,626,050 |
| Net assets, start / end of year | $95.2M / $107.9M |
| Active participants, start / end of year | 681 / 734 |
| Participants with account balances | 832 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Dempsey Vantrease & Follis, PLLC |
Largest service providers (Schedule C)
| John Hancock | $167,311 reported compensation |
| One Digital Investment Advisors | $100,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014104201NAL0001250643001, received 2025-10-14, EIN 62-0864163, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.