Orthopedic Care Partners Management LLC 401(k) Review & Grade
Orthopedic Care Partners 401(k) and Profit Sharing Plan
Gainesville, FLHealth Care & Social Assistance1,384 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,498Employer $ per active participant
$5,043Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$161.1MNet plan assets, end of year
$108,832Average balance per account
Score breakdown
- Employer generosity45.9 / 5092th percentile for employer $ per participant
- Low cost13.7 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1580th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score72 / 100 · Grade B
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 | 55th |
| Employee saving | 80th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,329 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Orthopedic Care Partners Management put in about $5,498 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.
- 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 | $7,612,654 |
| Participant (employee) contributions | $6,981,415 |
| Other contributions (incl. rollovers in) | $1,433,149 |
| Administrative expenses paid from the plan | $285,855 |
| Contract administrator fees | $41,490 |
| Investment advisory & management fees | $95,000 |
| Benefits paid out | $12,787,767 |
| Net assets, start / end of year | $131.0M / $161.1M |
| Active participants, start / end of year | 1,305 / 1,464 |
| Participants with account balances | 1,480 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, Pplc |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Svcs | $149,365 reported compensation |
| D.B. Root & Company LLC | $95,000 reported compensation |
| Metro Benefits, Inc. | $41,490 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014085529NAL0001141859001, received 2025-10-14, EIN 82-3301294, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.