Pain Management Solutions, LLC. 401(k) Review & Grade
Pain Management Solutions, LLC 401(k) PS Plan and Trust
Annapolis, MDHealth Care & Social Assistance731 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,728Employer $ per active participant
$4,692Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$33.4MNet plan assets, end of year
$40,332Average balance per account
Score breakdown
- Employer generosity32.9 / 5066th percentile for employer $ per participant
- Low cost4.6 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 18th |
| Employee saving | 76th |
| 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
- Pain Management Solutions put in about $1,728 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 (0.58% 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 | $1,262,865 |
| Participant (employee) contributions | $3,430,125 |
| Other contributions (incl. rollovers in) | $95,748 |
| Administrative expenses paid from the plan | $175,966 |
| Investment advisory & management fees | $89,297 |
| Benefits paid out | $2,044,156 |
| Net assets, start / end of year | $26.9M / $33.4M |
| Active participants, start / end of year | 725 / 737 |
| Participants with account balances | 828 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Gross Mendelsohn & Associates PA |
Largest service providers (Schedule C)
| Cetera Investment Advisers LLC | $89,297 reported compensation |
| Adp, Inc. | $86,669 reported compensation |
| Mesirow Financial Investment Manage | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250822051251NAL0004826801001, received 2025-08-22, EIN 27-3473237, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.