Privia Medical Group Gulf Coast, PLLC 401(k) Review & Grade
Privia Medical Group Gulf Coast Retirement Plan
Houston, TXProfessional, Scientific & Technical Services878 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,984Employer $ per active participant
$4,267Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$67.8MNet plan assets, end of year
$59,392Average balance per account
Score breakdown
- Employer generosity16.9 / 5034th percentile for employer $ per participant
- Low cost17.6 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-15 pts2 issues reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 70th |
| Employee saving | 22th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($425,238 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Privia Medical Group Gulf Coast, PLLC put in about $1,984 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- 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 | $1,742,350 |
| Participant (employee) contributions | $3,746,596 |
| Other contributions (incl. rollovers in) | $896,739 |
| Administrative expenses paid from the plan | $78,412 |
| Contract administrator fees | $78,412 |
| Benefits paid out | $3,655,347 |
| Net assets, start / end of year | $0 / $67.8M |
| Active participants, start / end of year | 894 / 862 |
| Participants with account balances | 1,142 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sonzogni, Bottitto & Cooper, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Co | $76,086 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014154111NAL0006634434001, received 2025-10-14, EIN 46-2456505, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.