Physicians East PA 401(k) Review & Grade
Physicians East PA Profit Sharing Plan & Trust
Greenville, NCHealth Care & Social Assistance619 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,153Employer $ per active participant
$4,017Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$114.0MNet plan assets, end of year
$163,139Average balance per account
Score breakdown
- Employer generosity46.9 / 5094th percentile for employer $ per participant
- Low cost22.7 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 91th |
| Employee saving | 69th |
| 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
- Physicians East PA put in about $6,153 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 | $3,808,785 |
| Participant (employee) contributions | $2,486,386 |
| Other contributions (incl. rollovers in) | $195,283 |
| Administrative expenses paid from the plan | $41,510 |
| Investment advisory & management fees | $27,215 |
| Benefits paid out | $14,735,545 |
| Net assets, start / end of year | $106.5M / $114.0M |
| Active participants, start / end of year | 503 / 735 |
| Participants with account balances | 699 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sullivan Shearin & Company |
Largest service providers (Schedule C)
| Cap Financial Partners LLC | $18,669 reported compensation |
| Fidelity Investments Institutional | $14,295 reported compensation |
| Strategic Advisors Inc | $8,546 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015074508NAL0005441376003, received 2025-10-15, EIN 56-1968491, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.