North Atlanta Primary Care 401(k) Review & Grade
North Atlanta Primary Care 401(k) Plan
Alpharetta, GAHealth Care & Social Assistance781 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,449Employer $ per active participant
$3,606Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$22.1MNet plan assets, end of year
$33,537Average balance per account
Score breakdown
- Employer generosity30.3 / 5061th percentile for employer $ per participant
- Low cost5.3 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1563th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score35 / 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 | 61th |
| Lower admin cost | 21th |
| Employee saving | 63th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($221,977 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
- North Atlanta Primary Care put in about $1,449 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 (0.53% 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 | $1,131,979 |
| Participant (employee) contributions | $2,815,970 |
| Other contributions (incl. rollovers in) | $468,970 |
| Administrative expenses paid from the plan | $103,718 |
| Contract administrator fees | $103,718 |
| Benefits paid out | $1,509,702 |
| Net assets, start / end of year | $16.9M / $22.1M |
| Active participants, start / end of year | 776 / 786 |
| Participants with account balances | 659 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Car, Riggs & Ingram, LLC |
Largest service providers (Schedule C)
| Futureplan by Ascensus | $33,448 reported compensation |
| Empower Annuity Insurance Company | $21,579 reported compensation |
| Venture Visionary Partners LLC | $17,684 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014130759NAL0002846001001, received 2025-10-14, EIN 58-1896468, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.