Premier Healthcare Solutions, Inc. 401(k) Review & Grade
Premier Healthcare Solutions, Inc. Retirement Savings Plan
Charlotte, NCProfessional, Scientific & Technical Services2,788 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,958Employer $ per active participant
$12,034Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$742.1MNet plan assets, end of year
$194,715Average balance per account
Score breakdown
- Employer generosity38.3 / 5077th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 77th |
| Employee saving | 68th |
| Peers that auto-enroll | 47% |
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
- Premier Healthcare Solutions put in about $4,958 per active participant, more than the typical peer ($2,951). 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 | $13,819,701 |
| Participant (employee) contributions | $33,545,143 |
| Other contributions (incl. rollovers in) | $5,890,676 |
| Administrative expenses paid from the plan | $364,098 |
| Other admin expenses | $364,098 |
| Benefits paid out | $66,376,328 |
| Net assets, start / end of year | $645.3M / $742.1M |
| Active participants, start / end of year | 2,811 / 2,764 |
| Participants with account balances | 3,811 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Windham Brannon, LLC |
Largest service providers (Schedule C)
| Strategic Advisors, Inc, | $235,245 reported compensation |
| Morgan Stanley Institute Inv Adv LL | $35,359 reported compensation |
| Fidelity Investments Institutional | $35,243 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014223322NAL0005023664001, received 2025-10-14, EIN 33-0054358, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.