Advanced Diagnostic Imaging, P.C. DBA Advancedhealth 401(k) Review & Grade
Advancedhealth 401(k) Profit Sharing Plan
Goodlettsville, TNHealth Care & Social Assistance1,430 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,611Employer $ per active participant
$5,505Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$164.8MNet plan assets, end of year
$57,737Average balance per account
Score breakdown
- Employer generosity46.0 / 5092th percentile for employer $ per participant
- Low cost11.3 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1584th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score63 / 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 | 92th |
| Lower admin cost | 45th |
| Employee saving | 84th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($471,137 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Advanced Diagnostic Imaging, P.C. DBA Advancedhealth put in about $5,611 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $8,023,959 |
| Participant (employee) contributions | $7,872,352 |
| Other contributions (incl. rollovers in) | $1,158,988 |
| Administrative expenses paid from the plan | $406,374 |
| Contract administrator fees | $406,374 |
| Benefits paid out | $13,161,315 |
| Net assets, start / end of year | $141.1M / $164.8M |
| Active participants, start / end of year | 1,505 / 1,355 |
| Participants with account balances | 2,854 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Blankenship CPA Group, PLLC |
Largest service providers (Schedule C)
| Thoroughbred Financial Services LLC | $202,209 reported compensation |
| Employee Benefit Services Inc | $102,585 reported compensation |
| Capital Group Retirement Plan Servi | $101,580 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001100756NAL0005864243001, received 2025-10-01, EIN 62-0874165, plan #053, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.