Graves Gilbert Clinic PLLC 401(k) Review & Grade
Graves-Gilbert Clinic Revised Profit Sharing Plan
Bowling Green, KYHealth Care & Social Assistance1,110 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,797Employer $ per active participant
$4,173Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$187.2MNet plan assets, end of year
$118,998Average balance per account
Score breakdown
- Employer generosity46.2 / 5092th percentile for employer $ per participant
- Low cost19.9 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score87 / 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 | 92th |
| Lower admin cost | 80th |
| Employee saving | 70th |
| 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
- Graves Gilbert Clinic PLLC put in about $5,797 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $6,435,130 |
| Participant (employee) contributions | $4,632,209 |
| Other contributions (incl. rollovers in) | $38,984 |
| Administrative expenses paid from the plan | $139,404 |
| Other admin expenses | $139,404 |
| Benefits paid out | $17,367,742 |
| Net assets, start / end of year | $170.6M / $187.2M |
| Active participants, start / end of year | 947 / 1,273 |
| Participants with account balances | 1,573 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Carr Riggs & Ingram, LLC |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $124,971 reported compensation |
| Carr Riggs & Ingram | $12,500 reported compensation |
| Valerie T Mayer | $1,934 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251107105939NAL0000833168001, received 2025-11-07, EIN 61-0700826, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.