U.S. Physical Therapy, Inc. 401(k) Review & Grade
U.S. Physical Therapy, Inc. 401(k) Gold Plan
Houston, TXHealth Care & Social Assistance979 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$446Employer $ per active participant
$2,902Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$43.4MNet plan assets, end of year
$57,440Average balance per account
Score breakdown
- Employer generosity16.1 / 5032th percentile for employer $ per participant
- Low cost10.2 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score35 / 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 | 32th |
| Lower admin cost | 41th |
| Employee saving | 55th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $18,275 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- U.S. Physical Therapy put in about $446 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.
- 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 | $436,717 |
| Participant (employee) contributions | $2,841,358 |
| Other contributions (incl. rollovers in) | $55,847 |
| Administrative expenses paid from the plan | $121,580 |
| Other admin expenses | $30,884 |
| Benefits paid out | $3,987,030 |
| Net assets, start / end of year | $38.8M / $43.4M |
| Active participants, start / end of year | 964 / 994 |
| Participants with account balances | 755 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Melton & Melton LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $58,342 reported compensation |
| MBG Retirement | $29,744 reported compensation |
| Melton & Melton LLP | $13,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930094556NAL0005420739001, received 2025-09-30, EIN 76-0364866, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.