Paramedics Logistics Operating Company, LLC 401(k) Review & Grade
Patientcare 401(k) Savings Plan
Tyler, TXHealth Care & Social Assistance2,137 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$438Employer $ per active participant
$1,848Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$49.8MNet plan assets, end of year
$46,007Average balance per account
Score breakdown
- Employer generosity15.8 / 5032th percentile for employer $ per participant
- Low cost8.1 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score33 / 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 | 32th |
| Lower admin cost | 32th |
| Employee saving | 39th |
| Peers that auto-enroll | 36% |
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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
- Paramedics Logistics Operating Company put in about $438 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 (0.38% 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 | $935,903 |
| Participant (employee) contributions | $3,948,850 |
| Other contributions (incl. rollovers in) | $576,334 |
| Administrative expenses paid from the plan | $179,390 |
| Other admin expenses | $179,390 |
| Benefits paid out | $6,270,021 |
| Net assets, start / end of year | $44.7M / $49.8M |
| Active participants, start / end of year | 1,972 / 2,302 |
| Participants with account balances | 1,082 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Armanino LLP |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Servic | $97,528 reported compensation |
| Sentinel Pension | $12,500 reported compensation |
| Armanino, LLP | $12,075 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015143601NAL0002463811001, received 2025-10-15, EIN 82-4239883, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.