Medbridge Healthcare LLC 401(k) Review & Grade
Medbridge Healthcare 401(k) Retirement Plan
Greenville, SCHealth Care & Social Assistance532 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$286Employer $ per active participant
$2,262Employee $ saved per active participant
0.69%Direct admin cost, % of plan assets
$14.0MNet plan assets, end of year
$25,576Average balance per account
Score breakdown
- Employer generosity12.7 / 5025th percentile for employer $ per participant
- Low cost3.4 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score30 / 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 | 25th |
| Lower admin cost | 13th |
| Employee saving | 45th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,129 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Medbridge Healthcare put in about $286 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.69% 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 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 | $151,753 |
| Participant (employee) contributions | $1,202,313 |
| Other contributions (incl. rollovers in) | $64,482 |
| Administrative expenses paid from the plan | $89,515 |
| Investment advisory & management fees | $32,599 |
| Benefits paid out | $1,019,972 |
| Net assets, start / end of year | $12.1M / $14.0M |
| Active participants, start / end of year | 535 / 528 |
| Participants with account balances | 546 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $56,915 reported compensation |
| The Hays Financial Group, LLC | $32,599 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250623050531NAL0003531075001, received 2025-06-23, EIN 34-2007361, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.