Orthodontic Partners, LLC 401(k) Review & Grade
Orthodontic Partners 401(k) Plan
Grand Rapids, MIHealth Care & Social Assistance794 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$722Employer $ per active participant
$3,281Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$22.0MNet plan assets, end of year
$45,078Average balance per account
Score breakdown
- Employer generosity21.6 / 5043th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1560th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score39 / 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 | 43th |
| Lower admin cost | 46th |
| Employee saving | 60th |
| 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 ($4,099 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $3,316 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Orthodontic Partners put in about $722 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.
- 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 | $572,544 |
| Participant (employee) contributions | $2,603,616 |
| Other contributions (incl. rollovers in) | $2,069,108 |
| Administrative expenses paid from the plan | $57,119 |
| Contract administrator fees | $57,119 |
| Benefits paid out | $1,659,786 |
| Net assets, start / end of year | $0 / $22.0M |
| Active participants, start / end of year | 819 / 768 |
| Participants with account balances | 488 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $57,119 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013091245NAL0002263602001, received 2025-10-13, EIN 84-2065086, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.