Tennessee Orthopaedic Alliance, P.A. 401(k) Review & Grade
Tennessee Orthopaedic Alliance 401(k) & Profit Sharing Plan
Nashville, TNHealth Care & Social Assistance1,326 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,617Employer $ per active participant
$5,364Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$236.6MNet plan assets, end of year
$127,873Average balance per account
Score breakdown
- Employer generosity47.8 / 5096th percentile for employer $ per participant
- Low cost9.4 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score80 / 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 | 96th |
| Lower admin cost | 38th |
| Employee saving | 82th |
| 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
- Tennessee Orthopaedic Alliance, P.A. put in about $7,617 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.
- 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 | $10,096,020 |
| Participant (employee) contributions | $7,110,475 |
| Other contributions (incl. rollovers in) | $4,427,138 |
| Administrative expenses paid from the plan | $720,146 |
| Investment advisory & management fees | $488,246 |
| Benefits paid out | $20,448,308 |
| Net assets, start / end of year | $207.2M / $236.6M |
| Active participants, start / end of year | 1,244 / 1,407 |
| Participants with account balances | 1,850 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Janney Montgomery Scott, LLC | $336,278 reported compensation |
| Nwps | $152,206 reported compensation |
| Matrix Trust Company | $79,694 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015171946NAL0002806275001, received 2025-10-15, EIN 62-0862316, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.