Southern Orthodontic Partners Management, LLC 401(k) Review & Grade
Southern Orthodontic Partners 401(k) Plan
Nashville, TNProfessional, Scientific & Technical Services858 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,060Employer $ per active participant
$4,162Employee $ saved per active participant
0.69%Direct admin cost, % of plan assets
$30.1MNet plan assets, end of year
$49,676Average balance per account
Score breakdown
- Employer generosity17.2 / 5034th percentile for employer $ per participant
- Low cost3.3 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 13th |
| Employee saving | 21th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($9,471 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Southern Orthodontic Partners Management put in about $2,060 per active participant, below the typical peer ($3,082). 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 (0.69% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,766,409 |
| Participant (employee) contributions | $3,568,612 |
| Other contributions (incl. rollovers in) | $1,862,956 |
| Administrative expenses paid from the plan | $174,900 |
| Contract administrator fees | $174,200 |
| Other admin expenses | $700 |
| Benefits paid out | $864,692 |
| Net assets, start / end of year | $20.7M / $30.1M |
| Active participants, start / end of year | 790 / 925 |
| Participants with account balances | 606 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Carr Riggs & Ingram, LLC |
Largest service providers (Schedule C)
| Raymond James Financial Services | $64,988 reported compensation |
| Access Retirement Services, LLC | $6,502 reported compensation |
| Ascensus | $5,177 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251103104447NAL0005510931001, received 2025-11-03, EIN 84-1833465, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.