Specialized Dental Partners, LLC 401(k) Review & Grade
Specialized Dental Partners 401(k) Plan
Franklin, TNHealth Care & Social Assistance2,018 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1Employer $ per active participant
$5,625Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$59.6MNet plan assets, end of year
$30,334Average balance per account
Score breakdown
- Employer generosity3.7 / 507th percentile for employer $ per participant
- Low cost10.4 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 42th |
| Employee saving | 85th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,345 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Specialized Dental Partners put in about $1 per active participant, below the typical peer ($976). 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.
- 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 | $2,381 |
| Participant (employee) contributions | $11,354,712 |
| Other contributions (incl. rollovers in) | $6,014,648 |
| Administrative expenses paid from the plan | $142,898 |
| Investment advisory & management fees | $71,723 |
| Benefits paid out | $2,251,852 |
| Net assets, start / end of year | $38.4M / $59.6M |
| Active participants, start / end of year | 1,606 / 2,431 |
| Participants with account balances | 1,964 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $54,252 reported compensation |
| Global Retirement Partners LLC | $52,435 reported compensation |
| Wellth Advisory Services LLC | $19,288 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905160017NAL0017296113001, received 2025-09-05, EIN 83-2414370, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.