Pinehurst Medical Clinic, Inc. 401(k) Review & Grade
Pinehurst Medical Clinic, Inc. 401(k) Profit Sharing Plan
Pinehurst, NCHealth Care & Social Assistance814 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,287Employer $ per active participant
$4,965Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$152.9MNet plan assets, end of year
$127,395Average balance per account
Score breakdown
- Employer generosity47.7 / 5095th percentile for employer $ per participant
- Low cost16.4 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 66th |
| Employee saving | 79th |
| 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
- Pinehurst Medical Clinic put in about $7,287 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 | $5,935,309 |
| Participant (employee) contributions | $4,044,295 |
| Other contributions (incl. rollovers in) | $1,706,659 |
| Administrative expenses paid from the plan | $195,624 |
| Contract administrator fees | $67,249 |
| Investment advisory & management fees | $128,375 |
| Benefits paid out | $6,296,338 |
| Net assets, start / end of year | $131.2M / $152.9M |
| Active participants, start / end of year | 806 / 823 |
| Participants with account balances | 1,200 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Millstone Advisory Partners | $57,929 reported compensation |
| First Citizens Bank & Trust | $47,000 reported compensation |
| George Oschmann | $30,265 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013154902NAL0000795475001, received 2025-10-13, EIN 56-0942980, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.