Raleigh Durham Medical Group, PA 401(k) Review & Grade
Raleigh Durham Medical Group, PA 401(k) Retirement Plan
Raleigh, NCHealth Care & Social Assistance503 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,816Employer $ per active participant
$3,684Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$40.3MNet plan assets, end of year
$109,709Average balance per account
Score breakdown
- Employer generosity33.9 / 5068th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 39th |
| Employee saving | 64th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,236 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Raleigh Durham Medical Group, PA put in about $1,816 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 | $913,308 |
| Participant (employee) contributions | $1,853,105 |
| Other contributions (incl. rollovers in) | $399,446 |
| Administrative expenses paid from the plan | $116,405 |
| Investment advisory & management fees | $58,071 |
| Benefits paid out | $2,488,362 |
| Net assets, start / end of year | $34.7M / $40.3M |
| Active participants, start / end of year | 477 / 529 |
| Participants with account balances | 367 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Calvetti Feguson LLC |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $54,518 reported compensation |
| Fidelity Investments Institutional | $39,074 reported compensation |
| Calvetti Ferguson, LLC | $19,260 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250611080905NAL0012110771001, received 2025-06-11, EIN 20-1582408, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.