Associated Pathologists, LLC 401(k) Review & Grade
Pathgroup 401(k) Savings Plan
Brentwood, TNHealth Care & Social Assistance2,364 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,633Employer $ per active participant
$2,922Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$117.0MNet plan assets, end of year
$27,209Average balance per account
Score breakdown
- Employer generosity32.0 / 5064th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1556th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score50 / 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 | 64th |
| Lower admin cost | 77th |
| Employee saving | 56th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,469 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
- Associated Pathologists put in about $1,633 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 | $3,858,978 |
| Participant (employee) contributions | $6,905,240 |
| Other contributions (incl. rollovers in) | $1,451,311 |
| Administrative expenses paid from the plan | $95,976 |
| Other admin expenses | $95,976 |
| Benefits paid out | $13,277,009 |
| Net assets, start / end of year | $104.5M / $117.0M |
| Active participants, start / end of year | 2,329 / 2,398 |
| Participants with account balances | 4,300 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $95,976 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015102640NAL0009068754001, received 2025-10-15, EIN 62-1695507, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.