Patientpoint Network Solutions, LLC 401(k) Review & Grade
Patientpoint 401(k) Retirement Plan.
Cincinnati, OHProfessional, Scientific & Technical Services644 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,707Employer $ per active participant
$8,290Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$55.1MNet plan assets, end of year
$61,166Average balance per account
Score breakdown
- Employer generosity30.1 / 5060th percentile for employer $ per participant
- Low cost11.2 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1544th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 45th |
| Employee saving | 44th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,261 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Patientpoint Network Solutions put in about $3,707 per active participant, more than the typical peer ($3,082). 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 | $2,387,203 |
| Participant (employee) contributions | $5,338,731 |
| Other contributions (incl. rollovers in) | $1,286,427 |
| Administrative expenses paid from the plan | $131,918 |
| Investment advisory & management fees | $17,127 |
| Benefits paid out | $3,424,830 |
| Net assets, start / end of year | $43.2M / $55.1M |
| Active participants, start / end of year | 612 / 676 |
| Participants with account balances | 901 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $114,791 reported compensation |
| Strategic Advisors, Inc. | $17,127 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015131331NAL0004946577001, received 2025-10-15, EIN 77-0701013, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.