Oncology Specialties, P.C. 401(k) Review & Grade
Oncology Specialties, P.C. Retirement Plan
Huntsville, ALHealth Care & Social Assistance691 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,646Employer $ per active participant
$4,823Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$58.8MNet plan assets, end of year
$74,654Average balance per account
Score breakdown
- Employer generosity45.1 / 5090th percentile for employer $ per participant
- Low cost7.4 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving11.5 / 1577th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score67 / 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 | 90th |
| Lower admin cost | 29th |
| Employee saving | 77th |
| 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
- Oncology Specialties put in about $4,646 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.
- Direct plan expenses (0.41% 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 | $3,210,226 |
| Participant (employee) contributions | $3,332,977 |
| Other contributions (incl. rollovers in) | $175,334 |
| Administrative expenses paid from the plan | $224,114 |
| Investment advisory & management fees | $89,793 |
| Other admin expenses | $54,925 |
| Benefits paid out | $4,761,762 |
| Net assets, start / end of year | $49.9M / $58.8M |
| Active participants, start / end of year | 653 / 729 |
| Participants with account balances | 788 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Warren Averett, LLC |
Largest service providers (Schedule C)
| Onedigital Investment Advisors LLC | $83,101 reported compensation |
| Fidelity Investments Institutional | $79,850 reported compensation |
| Hightower Adivsors, LLC | $54,925 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015104530NAL0004624593001, received 2025-10-15, EIN 63-0897317, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.