Eclinicalworks, LLC 401(k) Review & Grade
Eclinicalworks Profit Sharing 401(k) Plan
Westborough, MAProfessional, Scientific & Technical Services1,474 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,265Employer $ per active participant
$10,875Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$240.9MNet plan assets, end of year
$132,170Average balance per account
Score breakdown
- Employer generosity33.6 / 5067th percentile for employer $ per participant
- Low cost20.4 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 82th |
| Employee saving | 66th |
| Peers that auto-enroll | 48% |
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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
- Eclinicalworks put in about $4,265 per active participant, more than the typical peer ($3,082). 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 | $6,288,819 |
| Participant (employee) contributions | $16,035,923 |
| Other contributions (incl. rollovers in) | $671,267 |
| Administrative expenses paid from the plan | $151,754 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $37,649 |
| Other admin expenses | $48,380 |
| Benefits paid out | $7,344,572 |
| Net assets, start / end of year | $193.4M / $240.9M |
| Active participants, start / end of year | 1,491 / 1,458 |
| Participants with account balances | 1,823 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $65,725 reported compensation |
| Dimeo Schneider & Associates LLC | $48,380 reported compensation |
| Strategic Advisors, Inc. | $37,649 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250829103605NAL0011252593001, received 2025-08-29, EIN 04-3461392, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.