The West Clinic PLLC 401(k) Review & Grade
The West Clinic 401(k) and Profit Sharing Plan
Germantown, TNHealth Care & Social Assistance720 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,053Employer $ per active participant
$5,244Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$98.2MNet plan assets, end of year
$96,094Average balance per account
Score breakdown
- Employer generosity45.5 / 5091th percentile for employer $ per participant
- Low cost12.0 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 48th |
| Employee saving | 81th |
| Peers that auto-enroll | 36% |
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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
- West Clinic PLLC put in about $5,053 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 | $3,640,654 |
| Participant (employee) contributions | $3,778,348 |
| Other contributions (incl. rollovers in) | $369,847 |
| Administrative expenses paid from the plan | $221,016 |
| Contract administrator fees | $35,599 |
| Investment advisory & management fees | $92,100 |
| Benefits paid out | $3,327,551 |
| Net assets, start / end of year | $82.1M / $98.2M |
| Active participants, start / end of year | 706 / 735 |
| Participants with account balances | 1,022 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Horne LLP |
Largest service providers (Schedule C)
| The Retirement Plan Company, LLC | $142,276 reported compensation |
| Highland Capital Management, LLC | $92,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010124026NAL0004246547001, received 2025-10-10, EIN 62-1526296, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.