Surgical Care Affiliates, LLC 401(k) Review & Grade
Surgical Care Affiliates, LLC Retirement Investment Plan
Minnetonka, MNHealth Care & Social Assistance13,170 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,409Employer $ per active participant
$5,213Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$712.8MNet plan assets, end of year
$42,072Average balance per account
Score breakdown
- Employer generosity28.5 / 5057th percentile for employer $ per participant
- Low cost17.9 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1561th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 72th |
| Employee saving | 61th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $15,636 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Surgical Care Affiliates put in about $2,409 per active participant, more than the typical peer ($2,086). 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 | $31,731,796 |
| Participant (employee) contributions | $68,656,484 |
| Other contributions (incl. rollovers in) | $19,534,661 |
| Administrative expenses paid from the plan | $314,626 |
| Benefits paid out | $67,022,695 |
| Net assets, start / end of year | $582.2M / $712.8M |
| Active participants, start / end of year | 12,913 / 13,426 |
| Participants with account balances | 16,942 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $314,626 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918170053NAL0002451746001, received 2025-09-18, EIN 20-8922307, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.