The Baton Rouge Clinic (a Medical Corporation) 401(k) Review & Grade
The Baton Rouge Clinic (a Medical Corporation) 401(k) Profit Sharing Plan
Baton Rouge, LAHealth Care & Social Assistance602 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$14,627Employer $ per active participant
$6,302Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$191.8MNet plan assets, end of year
$256,449Average balance per account
Score breakdown
- Employer generosity49.5 / 5099th percentile for employer $ per participant
- Low cost11.7 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score78 / 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 | 99th |
| Lower admin cost | 47th |
| Employee saving | 90th |
| 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
- Baton Rouge Clinic (a Medical Corporation) put in about $14,627 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 | $8,798,160 |
| Participant (employee) contributions | $3,790,783 |
| Other contributions (incl. rollovers in) | $386,241 |
| Administrative expenses paid from the plan | $454,366 |
| Investment advisory & management fees | $408,801 |
| Other admin expenses | $3,800 |
| Benefits paid out | $9,411,582 |
| Net assets, start / end of year | $168.1M / $191.8M |
| Active participants, start / end of year | 598 / 605 |
| Participants with account balances | 748 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services Inc | $298,971 reported compensation |
| Evans Investment Advisors LLC | $149,396 reported compensation |
| Charles Schwab & Co., Inc. | $692 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015110959NAL0002191747001, received 2025-10-15, EIN 72-1111417, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.