Pinehurst Surgical Clinic, P.A. 401(k) Review & Grade
Pinehurst Surgical Clinic, P. A. Retirement and Savings Plan
Pinehurst, NCHealth Care & Social Assistance506 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,110Employer $ per active participant
$5,058Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$95.3MNet plan assets, end of year
$147,117Average balance per account
Score breakdown
- Employer generosity46.8 / 5094th percentile for employer $ per participant
- Low cost16.1 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score82 / 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 | 94th |
| Lower admin cost | 65th |
| Employee saving | 80th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,179 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pinehurst Surgical Clinic, P.A. put in about $6,110 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,091,694 |
| Participant (employee) contributions | $2,559,343 |
| Other contributions (incl. rollovers in) | $248,337 |
| Administrative expenses paid from the plan | $131,080 |
| Other admin expenses | $131,080 |
| Benefits paid out | $9,982,571 |
| Net assets, start / end of year | $88.0M / $95.3M |
| Active participants, start / end of year | 529 / 483 |
| Participants with account balances | 648 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $109,460 reported compensation |
| Vanguard Advisers Inc. | $26,370 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250805114056NAL0001799233001, received 2025-08-05, EIN 56-0942061, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.