Borland-Groover Clinic, P.A. 401(k) Review & Grade
Borland-Groover Clinic, P.A. Profit Sharing Plan and Trust
Jacksonville, FLHealth Care & Social Assistance814 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,491Employer $ per active participant
$3,836Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$127.0MNet plan assets, end of year
$131,612Average balance per account
Score breakdown
- Employer generosity49.0 / 5098th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1566th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 71th |
| Employee saving | 66th |
| 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
- Borland-Groover Clinic, P.A. put in about $9,491 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 | $7,720,842 |
| Participant (employee) contributions | $3,120,432 |
| Other contributions (incl. rollovers in) | $983,586 |
| Administrative expenses paid from the plan | $134,315 |
| Investment advisory & management fees | $51,063 |
| Other admin expenses | $4,054 |
| Benefits paid out | $8,110,981 |
| Net assets, start / end of year | $107.9M / $127.0M |
| Active participants, start / end of year | 807 / 820 |
| Participants with account balances | 965 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pivot Cpas |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $83,078 reported compensation |
| Deloitte Tax LLP | $15,100 reported compensation |
| Andco Consulting, LLC | $13,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015190520NAL0007232928001, received 2025-10-15, EIN 59-1784470, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.