U.S. Medical Management LLC 401(k) Review & Grade
Harmonycares 401(k) Plan
Troy, MIHealth Care & Social Assistance1,741 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,374Employer $ per active participant
$5,042Employee $ saved per active participant
0.60%Direct admin cost, % of plan assets
$63.4MNet plan assets, end of year
$22,091Average balance per account
Score breakdown
- Employer generosity29.3 / 5059th percentile for employer $ per participant
- Low cost4.3 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default 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 | 59th |
| Lower admin cost | 17th |
| Employee saving | 79th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,654 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- U.S. Medical Management put in about $1,374 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.
- Direct plan expenses (0.60% 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 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 | $2,392,837 |
| Participant (employee) contributions | $8,777,337 |
| Other contributions (incl. rollovers in) | $1,640,109 |
| Administrative expenses paid from the plan | $360,994 |
| Investment advisory & management fees | $185,837 |
| Benefits paid out | $11,336,502 |
| Net assets, start / end of year | $56.0M / $63.4M |
| Active participants, start / end of year | 1,684 / 1,798 |
| Participants with account balances | 2,869 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Fraizer & Deeter, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $175,157 reported compensation |
| Empower Advisory Group, LLC | $137,197 reported compensation |
| Fifth Third Bank | $57,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260129135856NAL0005591713001, received 2026-01-29, EIN 38-3153946, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.