Siddons Martin Emergency Group 401(k) Review & Grade
Siddons Martin Emergency Group 401(k) Plan
Houston, TXHealth Care & Social Assistance679 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,441Employer $ per active participant
$3,995Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$24.4MNet plan assets, end of year
$31,726Average balance per account
Score breakdown
- Employer generosity38.5 / 5077th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score63 / 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 | 77th |
| Lower admin cost | 19th |
| Employee saving | 68th |
| 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
- Siddons Martin Emergency Group put in about $2,441 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 | $1,657,691 |
| Participant (employee) contributions | $2,712,464 |
| Other contributions (incl. rollovers in) | $1,736,239 |
| Administrative expenses paid from the plan | $119,731 |
| Contract administrator fees | $111,509 |
| Investment advisory & management fees | $8,222 |
| Benefits paid out | $1,290,483 |
| Net assets, start / end of year | $17.2M / $24.4M |
| Active participants, start / end of year | 596 / 762 |
| Participants with account balances | 768 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $111,509 reported compensation |
| PNC Bank NA | $25,331 reported compensation |
| Edward Jones | $20,688 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905124459NAL0010358355001, received 2025-09-05, EIN 27-4333590, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.