Flagship Oral Surgery Partners, LLC 401(k) Review & Grade
Flagship Oral Surgery Partners, LLC 401(k) Retirement Plan
Charlotte, NCHealth Care & Social Assistance536 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,624Employer $ per active participant
$4,158Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$32.8MNet plan assets, end of year
$85,542Average balance per account
Score breakdown
- Employer generosity32.0 / 5064th percentile for employer $ per participant
- Low cost8.1 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score44 / 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 | 64th |
| Lower admin cost | 32th |
| Employee saving | 70th |
| 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 ($75,390 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
- Flagship Oral Surgery Partners put in about $1,624 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.
- Direct plan expenses (0.38% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $871,521 |
| Participant (employee) contributions | $2,231,002 |
| Other contributions (incl. rollovers in) | $9,553,661 |
| Administrative expenses paid from the plan | $95,645 |
| Contract administrator fees | $95,645 |
| Benefits paid out | $1,097,289 |
| Net assets, start / end of year | $17.8M / $32.8M |
| Active participants, start / end of year | 504 / 569 |
| Participants with account balances | 384 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Vanguard Group Inc. | $61,068 reported compensation |
| Commonwealth Financial Network | $23,534 reported compensation |
| Kestra Advisory Services, LLC | $10,846 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015093434NAL0005672432001, received 2025-10-15, EIN 87-1634449, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.